{"id":542477,"date":"2023-01-23T13:13:59","date_gmt":"2023-01-23T10:13:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/"},"modified":"2023-01-23T13:13:59","modified_gmt":"2023-01-23T10:13:59","slug":"btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/","title":{"rendered":"# BTC metrics exit capitulation \u2014 5 things to know in Bitcoin this week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a279b26dbf3c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a279b26dbf3c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/#%E2%80%9D_BTC_metrics_exit_capitulation_%E2%80%94_5_things_to_know_in_Bitcoin_this_week_%E2%80%9C\" >&#8221; BTC metrics exit capitulation \u2014 5 things to know in Bitcoin this week &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/#Bitcoin_analysts_bank_on_%E2%80%9Ccontinuation%E2%80%9D_to_come\" >Bitcoin analysts bank on &#8220;continuation&#8221; to come<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/#Macro_optimism_creeps_back_in\" >Macro optimism creeps back in<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/#DXY_swoons_as_support_nowhere_to_be_seen\" >DXY swoons as support nowhere to be seen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/#On-chain_metrics_emerge_from_the_abyss\" >On-chain metrics emerge from the abyss<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\/#Bitcoin_mining_hash_rate_difficulty_at_all-time_highs\" >Bitcoin mining hash rate, difficulty at all-time highs<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BTC_metrics_exit_capitulation_%E2%80%94_5_things_to_know_in_Bitcoin_this_week_%E2%80%9C\"><\/span>&#8221; BTC metrics exit capitulation \u2014 5 things to know in Bitcoin this week &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months.\u00a0<\/p>\n<p>Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants.<\/p>\n<p>This is no mean feat \u2014 market sentiment has plenty to spook it and initiate a rethink among investors. Macro conditions remain uncertain, while within Bitcoin, research has highlighted whales on exchanges potentially moving prices artificially with huge amounts of liquidity.<\/p>\n<p>Nonetheless, Bitcoin has seen its most impressive gains percentage-wise in over a year, and hopes remain that the good times will endure. What could that depend on?<\/p>\n<p>Cointelegraph takes a look at some of the major factors to keep in mind as a January unlike any other draws to a close.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_analysts_bank_on_%E2%80%9Ccontinuation%E2%80%9D_to_come\"><\/span>Bitcoin analysts bank on &#8220;continuation&#8221; to come<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is no secret that Bitcoin is facing its fair share of suspicion as it delivers 40% gains over just three weekly candles.<\/p>\n<p>Demands for a major correction and continuation of the bear market have long been public, and some of the more conservative trading voices insist that macro lows are not yet in.<\/p>\n<p>That inflection point has still not materialized, however. At its latest weekly candle close, BTC\/USD traded at just above $22,700, marking its best performance since last summer.<\/p>\n<p>Thereafter, the pair consolidated into the start of Monday, likewise retaining ground recovered over the week.<\/p>\n<p>\u201cLows swept, juicy highs above, would be the perfect time to put in a nice running flat before continuation up,\u201d trader Credible Crypto <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1617412484629164033\">summarized<\/a> about the short-term outlook.<\/p>\n<p>Credible Crypto\u2019s is characteristic of some of the more bullish takes on the market, less concerned by the idea that the whole move may simply be a relief rally within a broader bearish structure.<\/p>\n<p>\u201cTotal market capitalization broke through the 200-Day EMA,\u201d a similarly optimistic Micha\u00ebl van de Poppe, Cointelegraph contributor and CEO of trading firm Eight, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1617111078982361088\">added<\/a> at the weekend, referring to exponential moving averages.<\/p>\n<blockquote><p>\u201cGood signs for crypto, as continuation seems likely. In between continuation to $25K or a correction to $19.5K. To continue -&gt; hold above 200-Day EMA and break resistance. 200-Day EMA potential entry point.\u201d<\/p><\/blockquote>\n<p>The 200-day EMA stood at $21,056 at the time of writing, according to data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/d8d22f7d-ee85-4d50-8ea7-6562b2360ba9.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day candle chart (Bitstamp) with 200EMA. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>More conservative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>raisals of the situation focused among other things on exchange order book composition.<\/p>\n<p>In its latest analysis, Material Indicators noted BTC price action rising and falling as major area of bid liquidity came and went on Binance.<\/p>\n<p>\u201cThe BTC buy wall at 20,200 has been moved to push price up to test resistance on the trend line,\u201d part of commentary <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1616776888273481728\">stated<\/a>. <\/p>\n<blockquote><p>\u201cI don&#8217;t trust this entity at $22k any more than I did at $20k, but happy to trade in their wake.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/ac8416d4-786b-4d16-9508-61409bf38778.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD order book data (Binance). Source: Material Indicators\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>A further post doubled down on a previous assertion that price action was being \u201cchoreographed\u201d and giving no attention to surrounding industry <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, notably the bankruptcy of crypto lending firm, Genesis Trading.<\/p>\n<p>\u201cFundamentally nothing has changed, yet BTC is testing macro level resistance. Meanwhile, some of the largest institutions in crypto are headed for bankruptcy. Probably nothing,\u201d Material Indicators <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1616842672743845894\">tweeted<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Macro_optimism_creeps_back_in\"><\/span>Macro optimism creeps back in<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Macro analysis shows a similar split among those involved in crypto markets themselves.<\/p>\n<p>With the United States Federal Reserve\u2019s latest decision on interest rate hikes due Feb. 1, sources are reading into falling inflation in increasingly diverging ways.<\/p>\n<p>Meanwhile, the 2023 World Economic Forum, despite some crypto opposition, failed to dent sentiment significantly.<\/p>\n<p>For Dan Tapiero, founder and CEO of 10T Holdings, it is simply a question of how bullishly risk assets will respond to changing tides at the Fed as it loosens monetary policy in future.<\/p>\n<p>\u201cHow will Fed respond when inflation goes below 0? A long good year coming for BTC ETH gold,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DTAPCAP\/status\/1617396498844782593\">told<\/a> Twitter followers. <\/p>\n<blockquote><p>\u201cUSD bear mkt and 10yrs below 3% to support main trends. Digital asset ecosystem (DAE) to thrive as clearing prices reached without government support. Free markets work!\u201d<\/p><\/blockquote>\n<p>That position is conspicuously unlike some other popular takes, in particular last week\u2019s predictions from ex-BitMEX CEO, Arthur Hayes. The Fed pivot on rates, he warned, will come with dire losses for crypto before the recovery sets in.<\/p>\n<p>Credible Crypto, meanwhile, also sees no reason not to be bullish on risk assets now.<\/p>\n<p>\u201cTalks of rate hikes slowing to 25 basis points as inflation decreases for 6 consecutive months, meanwhile the $SPX has made a picture perfect retest of prior ATH and looks ready to head back up. All that panic and fear, for what?\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1617435783643922434\">queried<\/a> on Jan. 23.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/5c8fc3ef-d7c4-4b4f-88ff-28a2178f2bd4.png\"><figcaption style=\"text-align: center;\"><em>S&amp;P 500 annotated chart. Source: Credible Crypto\/ Twitter<\/em><\/figcaption><\/figure>\n<p>The last week of the month meanwhile contains various potential short-term market triggers in the form of U.S. macro data releases.<\/p>\n<p>These include GDP growth on Jan. 26 and the Personal Consumption Expenditures (PCE) index on Jan. 27.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DXY_swoons_as_support_nowhere_to_be_seen\"><\/span>DXY swoons as support nowhere to be seen<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On a related macro note, special attention arguably deserves to be given to the fate of the U.S. dollar this week.<\/p>\n<p>As crypto markets rally, dollar strength is crashing, swiftly losing ground won during its surge to twenty-year highs last year.<\/p>\n<p>The U.S. dollar index (DXY) is typically inversely correlated to risk asset performance, and Bitcoin has shown itself to be particularly sensitive to major moves.<\/p>\n<p>Currently, DXY is trading at around 101.7, having tested 101.5 \u2014 more than six-month lows \u2014 for a second time this week. After losing it as support at the end of November, the index\u2019s 200-day moving average has acted as resistance since.<\/p>\n<p>\u201cDon\u2019t need much else to tell you what happens next The biggest short squeeze markets have ever seen is upon us,\u201d entrepreneur and crypto commentator \u201cCoosh\u201d Alemzadeh thus <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AlemzadehC\/status\/1616889674047307776\">declared<\/a> alongside a chart comparing DXY to Bitcoin and Nasdaq performance at the weekend.<\/p>\n<p>The dollar\u2019s decline versus Chinese bonds also caught the attention of popular analyst TechDev, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1615894061256433664\">showed<\/a> that impulse moves on Bitcoin top out within a year of a key level being breeched on Chinese ten-year bonds.<\/p>\n<p>\u201cNew multi-month lows for the U.S. Dollar Index DXY, after getting rejected perfectly on the horizontal support\/resistance range &amp; the 200 day moving average cloud,\u201d Caleb Franzen, Senior market analyst at Cubic Analytics, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CalebFranzen\/status\/1615724163737751553\">added<\/a>.<\/p>\n<blockquote><p>\u201cThat rejection was the moment I realized &amp; accepted that momentum was biased to the downside.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/5f644dfe-7391-4d97-87ea-ddf0504d2d23.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar index (DXY) 1-day candle chart with 200MA. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"On-chain_metrics_emerge_from_the_abyss\"><\/span>On-chain metrics emerge from the abyss<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin really is in the midst of a renaissance, on-chain data is concluding. <\/p>\n<p>Compiled by analytics firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studio.glassnode.com\/dashboards\/btc-market-tops-bottoms\">Glassnode<\/a>, multiple classic indicators of Bitcoin market health are now exiting their capitulation zones. <\/p>\n<p>These include \u2014 perhaps unsurprisingly given the 40% upside move this month \u2014 the amount of the BTC supply held at a profit and loss. <\/p>\n<p>Net unrealized profit\/loss (NUPL) is now out of its lowest boundary and heading towards better profitability, despite notably not dipping as low as during the pits of prior bear markets.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/86b34310-a08c-4129-9aa9-9aa7657ce245.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin net unrealized profit\/loss (NUPL) chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>As Glassnode confirms, this applies equality to short-term holder (STH) and long-term holder (LTH) NUPL. The two classes of Bitcoin investor are described as entities holding coins for less than or more than 155 days, respectively.<\/p>\n<p>Similarly bullish is Bitcoin\u2019s market value to realized value Z-score (MVRV-Z), which measures \u201cthe ratio between the difference of market cap and realized cap, and the standard deviation of all historical market cap data, i.e. (market cap \u2013 realized cap) \/ std(market cap),\u201d or \u201cwhen Bitcoin is over\/undervalued relative to its \u2018fair value.\u2019\u201d as Glassnode explains.<\/p>\n<p>MVRV-Z has now left its green \u201cundervalued\u201d zone for the first time since a brief spike in early November, also marking its first such move since the FTX debacle.<\/p>\n<p>\u201cMVRV Z-Score just dragged itself out of the green accumulation zone,\u201d Philip Swift, co-founder of trading suite Decentrader, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/positivecrypto\/status\/1616732546255192065\">confirmed<\/a> last week.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/d57a5724-91c0-4b42-927d-21776947f415.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin MVRV-Z score chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_mining_hash_rate_difficulty_at_all-time_highs\"><\/span>Bitcoin mining hash rate, difficulty at all-time highs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is already time for another Bitcoin network difficulty adjustment, and this week should preserve existing all-time highs.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin due new &#8216;big rally&#8217; as RSI copies 2018 bear market recovery<\/em><\/strong><\/p>\n<p>According to estimates from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/btc.com\/stats\/diff\">BTC.com<\/a>, difficulty will edge up by approximately 0.5% in six days\u2019 time.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/6ef3cff1-e995-41bc-8456-669890fd0c69.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin network fundamentals overview (screenshot). Source: BTC.com<\/em><\/figcaption><\/figure>\n<p>This will add an incremental cherry on the cake to a mining sector already in the midst of major flux. Despite recent low prices, competition among miners has surged this month, adding pressure to those unable to keep costs to a minimum.<\/p>\n<p>Glassnode additionally shows that versus thirty days ago, miners on aggregate hold less BTC. It was at that time that price gains began to materialize.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/6ff6f405-5822-4eb0-baba-68dc2595c9ca.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin 30-day miner net position change chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>Raw data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/miningpoolstats.stream\/bitcoin\">MiningPoolStats<\/a> meanwhile puts Bitcoin\u2019s hash rate \u2014 an estimate of processing power dedicated to mining \u2014 also at new all-time highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/d22b6875-5b89-4c6e-8d78-d3deba801596.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin hash rate raw data chart (screenshot). Source: MiningPoolStats<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/btc-metrics-exit-capitulation-5-things-to-know-in-bitcoin-this-week\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BTC metrics exit capitulation \u2014 5 things to know in Bitcoin this week &#8220; Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months.\u00a0 Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants. This is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":542478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/56adbb6a-c559-4e94-b18f-9fbc2cafbe8d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74937,76153,75462,70550,70551,73785],"class_list":["post-542477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-dollar","tag-hash-rate","tag-federal-reserve","tag-inflation","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=542477"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/542478"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=542477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=542477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=542477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}