Market Headlines & Crypto HIVE, BTC, SPS, GLX, FORGE (January 16, 2023)

Interesting Market Headlines Today

China data surprise after reopening

• Barclays upgraded global growth forecast to 2.2% (from 1.6% in Nov/22)
• China 4.8%
• Europe -0.1% ("shallow recession")

From the looks of the the street is expecting recovery, led by China (after nearly 3 years, COVID lockdown is over)

With China back to "more normal", supply chain strain is expected to ease, now the European recession is expected to be mild.

What's strange is despite stock market has recovered off the low, it is not partying like it's 2021.

Maybe we are not out of the woods yet

CNBC even talks about Bitcoin!

• Possibility that Fed reverses rate hike this year
• Inflation came in lower than expected
• FTX is passé
• Weak PMI and wages trending down (bad news is good news)
• DXY (US dollar index) weakened

Ultimately how sustainable this uptrend is still to be seen, and would largely depending on factors like US Debt Ceiling, interest rate coming back down, easy money coming back, or stock market recovering and some of the gains coming back to the crypto space.

It's all about capital flow.

$18000, will we see it again? If breached below, watch out

Crypto Market Today - winding up for new high or exhaustion?

HIVE had 2 back to back pumps, 35 cents is where its at

• Repeating the same from a day ago

HIVE/BTC settles back down to 1660 sats

• Repeating the same

BTC peaked just under $21,500 before retreating

• Repeating the crab walk for another day 🦀🦀🦀🦀🦀

SPS is steady 🦀🦀🦀🦀🦀

• Staking continues to go up

GLX continues the downward trend, not a surprise

• As HIVE increases in value, GLX is holding steady around 3.1 to 3.3 cents fiat value

FORGE continues to hold, while DEC declined again

Typically I include this in my daily Splinterlands blog, but today both my season and daily rewards are still not posted to the blockchain, I still don't know what I got...