So we have come to the end of another week out of Europe for our bitcoin price trading efforts and what a week it has been What started out as a relatively slow session on Monday pic picked up as we saw the US and European session cross over and things havent really slowed down since Price broke through the 4800 mark today and 5000 flat is getting nearer and nearer We keep saying it but at these levels weve got to be prepared for a correction Sure we arent dealing with a traditional financial asset but that makes no difference weve still got an open market price dictated by buyers and sellers Once price reaches a certain level people cash out and take profits Price will decline slightly as this happens and the more riskaverse traders will notice the decline and sell in anticipation of a deeper correction

The interest in buying bitcoin appears to lag the cryptocurrencys price rise A closer look at trending searches through the past month reveals that the phrase buy Bitcoin tends to increase in interest only after the price of Bitcoin has actually increased

On Saturday January 15 2022 the market capitalization of all the stablecoins in existence is 173 billion which represents 793 of the 218 trillion cryptoeconomy The market valuations of stablecoins tether and usd coin represent 7184 of the entire stablecoin economys value This week the current total supply of usd coin surpassed tether in terms of tokens issued on the Ethereum blockchain as usd coin has a 0568 larger fully diluted market capitalization on the smart contract network

So we have come to the end of another week out of Europe for our bitcoin price trading efforts and what a week it has been What started out as a relatively slow session on Monday pic picked up as we saw the US and European session cross over and things havent really slowed down since Price broke through the 4800 mark today and 5000 flat is getting nearer and nearer We keep saying it but at these levels weve got to be prepared for a correction Sure we arent dealing with a traditional financial asset but that makes no difference weve still got an open market price dictated by buyers and sellers Once price reaches a certain level people cash out and take profits Price will decline slightly as this happens and the more riskaverse traders will notice the decline and sell in anticipation of a deeper correction