• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Bitcoin rises to highest levels in a month as investors bet on U.S inflation data

Olumide Adesina by Olumide Adesina
January 12, 2023
in Cryptos, Markets
Bitcoin rises to highest levels in a month as investors wait on U. S inflation data
Share on FacebookShare on TwitterShare on Linkedin

Bitcoin’s price rose by 5% to more than $18,000 for the first time in a month on Thursday January 11, 2023.

According to information from the Binance Exchange Bitcoin, was trading for $18.1K on Thursday morning. 

The increase came as traders bet on a slowdown in U.S. inflation, even as the discovery by FTX’s lawyers of billions of dollars’ worth of assets also influenced the market’s sentiments.

RelatedStories

MD FCMB, Mrs. Yemisi Edun

FCMB reassures investors on forbearance loans, outlines plan to sustain dividends

June 17, 2025

CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028

June 16, 2025

More details: It is anticipated that the release of U.S. inflation data would reveal a slowing of inflation. According to economists surveyed by Dow Jones, the consumer price index will have decreased by 0.1% from one month to the next in December. 

Although this would be less than the 7.1% increase in November and much below the 9.1% peak rate in June, inflation is still predicted to increase by 6.5% year over year. 

Investors are hoping that the decrease will encourage the U.S. Federal Reserve to cut interest rates. 

In a bid to rein in surging inflation, the Fed and other central banks have been hiking interest rates over the past year or so. These actions caused equities and cryptocurrencies to fall substantially in 2022. The expectation is that the central bank will reduce interest rates to ease some of the burdens. 

Bitcoin’s recovery: Bitcoin has been in a downtrend for longer than a year, which is typical of a bear market in the digital asset market. 

However, the price of Bitcoin has been recovering lately, suggesting that the market is taking the news well and that the selling pressure is being absorbed.

This may also indicate that the market believes the worst is over for digital assets and that the majority of the bad news is already priced in. 

In addition, Attorneys for the defunct cryptocurrency exchange FTX said on Wednesday that they discovered about $5 billion in “liquid” assets, including cash and digital assets. 

However, FTX lawyers cautioned that the $5 billion cache was so large that selling the assets could result in severe market negative pressure, which would lower their worth.  


Follow us for Breaking News and Market Intelligence.
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

MD FCMB, Mrs. Yemisi Edun
Bank Recapitalization

FCMB reassures investors on forbearance loans, outlines plan to sustain dividends

June 17, 2025
Bank Recapitalization

CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028

June 16, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Cryptos

SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 

June 16, 2025
Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 
Real Estate and Construction

Lagos Govt suspends building permits along Lagos-Calabar Coastal Highway corridor  

June 16, 2025
L’Oréal–Konga Health’s Beauty & Wellness Campaign gains momentum as consumers embrace affordable personal care 
Companies

L’Oréal–Konga Health’s Beauty & Wellness Campaign gains momentum as consumers embrace affordable personal care 

June 16, 2025
CAP Plc appoints Oladele Ajayi as Non-Executive Director 
Appointments

CAP Plc appoints Oladele Ajayi as Non-Executive Director 

June 16, 2025
Next Post
Nigerian Treasury Bills falls to 3.05% per annum, Nigerian money markets

Investors settle for paltry 7.3% yield on Treasury Bill despite 21.47% inflation rate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • FCMB reassures investors on forbearance loans, outlines plan to sustain dividends
  • CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028
  • SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 

Follow us on social media:

Recent News

MD FCMB, Mrs. Yemisi Edun

FCMB reassures investors on forbearance loans, outlines plan to sustain dividends

June 17, 2025

CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics