Issue link: https://maltatoday.uberflip.com/i/1442703
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 15,210.27 56.82 0.37 15263.10 15319.03 15117.29 15153.45 EUROPEAN MARKETS FTSE 7,551.72 60.35 0.81 7491.37 7564.20 7491.37 7491.37 CAC 7,237.19 53.81 0.75 7235.47 7249.88 7183.38 7183.38 DAX 16,010.32 68.51 0.43 16054.93 16061.50 15955.54 15941.81 ASIAN MARKETS SGX Nifty 18,346.50 130.50 0.72 18222.00 18357.00 18204.50 18216.00 NIKKEI 28,765.66 543.18 1.92 28449.53 28814.31 28427.60 28222.48 STRAITS TIMES 3,254.98 8.61 0.27 3261.26 3263.65 3242.59 3246.37 HANG SENG 24,402.17 663.11 2.79 24069.52 24402.17 24069.52 23739.06 TAIWAN WEIGHTED 18,375.40 87.19 0.48 18348.39 18394.70 18255.38 18288.21 KOSPI 2,972.48 45.10 1.54 2950.78 2972.58 2950.31 2927.38 SET COMPOSITE 1,678.50 11.38 0.68 1676.03 1680.85 1673.00 1667.12 JAKARTA COMPOSITE 6,647.06 -0.91 -0.01 6662.40 6690.32 6625.76 6647.97 SHANGHAI COMPOSITE 3,597.43 29.99 0.84 3578.16 3599.50 3572.10 3567.44 13.1.2022 7 INTERNATIONAL MARKETS International Markets Global Indices Trading Date: 12 January 2022 Bitcoin surpassing $100k 'shouldn't be a problem', OKCoin CEO suggests OKCoin CEO Hong Fang HONG Fang, the CEO of cryptocurrency exchange OK- Coin, has said Bitcoin's price target of $100,000 is still at play despite being vulnerable to market dynamics. Speaking to CNBC, Fang stated that Bitcoin could sur- pass the mark if the asset's fundamentals stay in place with- out any network alterations. According to the executive, determining when Bitcoin will hit the record price is challenging, especially with the increased market volatility. She acknowledged that the Bit- coin price trajectory might face competition from other assets jostling for the sector's capital. However, Fang suggested that the asset might encounter short-term volatility due to events around the leveraged products and derivatives. "I still believe that the $100,000 price point is reasona- ble, but the timing can be a bit elusive because we are at the mercy of market dynamics. <…> e other side of it is also there are assets competing for capital within the crypto space. So I think there's a lot of elements playing, in the short term, but long term I still think that getting to $100,000 or even a higher price is, shouldn't be a problem," said Fang. In general, for cryptocurrency market players betting on Bitcoin to surge in the future, the $100,000 mark has be- come the ideal target. According to Bloomberg Intelligence chief commodity strategist Mike McGlone in 2022, inves- tors should expect the asset to form a $50,000 support level and a resistance of $100,000. Bitcoin makes a slight recovery Elsewhere, after registering a significant rise in 2021, Bit- coin opened 2022 coupled with high volatility struggling to stay above the $40,000 mark. However, the asset has made a slight recovery, trading at $42,900, making gains of over 2% in the last 24 hours with losses of almost 9% in the pre- vious seven days. However, following the dips, investors view it as an op- portunity to buy more of the asset as long-term sentiments remain bullish. As reported by Finbold, Notably, leading cryptocurrency trading expert Michael van de Poppe has stated that following Bitcoin's drop below $40,000, the as- set had created the foundation for more financial opportu- nities to emerge.