Will the Fed stop rate hikes? 5 things to know in Bitcoin this week
Bitcoin targets $30,000 as a new week of macro surprises gets going — what might happen next?
Auto Added by WPeMatico
Bitcoin targets $30,000 as a new week of macro surprises gets going — what might happen next?
The comedown of the past nine months has disappeared during this week’s bank-crisis-inspired Bitcoin price surge.
Bitcoin sees a major new lift-off thanks to CPI numbers conforming to expectations — reducing the chances of the Fed tightening financial conditions.
Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted over extreme losses.
Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again in the wake of Silicon Valley Bank failing and Signature Bank being closed.
BTC price action is getting traders worried that $20,000 may not survive in the event that Bitcoin loses current support.
Bitcoin longs get punished by relatively small BTC price losses as BTC/USD trends towards significant support lines.
Bitcoin threatens to remove $22,000 as support as BTC price suffers against a booming DXY.
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8.
Research warns that Bitcoin bulls have much to do to preserve newly-won support, but failure could still see a BTC price cascade below $20,000.