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5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a new week struggling to preserve support as key macro changes appear on the horizon.

In what could turn out to be a crucial week for Bitcoin and altcoins’ relationship with traditional assets, the United States Federal Reserve is set to be the main talking point for hodlers.

Amid an atmosphere of still rampant inflation, quantitative easing still ongoing and geopolitical turmoil focused on Europe, there is plenty of uncertainty in the air, no matter what the trade.

Add to that a failure by Bitcoin to benefit from the chaos and the result is some serious cold feet — what would it take to instill confidence?

Just as it seems nothing could break the now months-old status quo on Bitcoin markets, which have been stuck in a trading range for all of 2022 so far, upcoming events could nonetheless provide that catalyst for a sea change in both sentiment and price action.

Cointelegraph takes a look at the factors set to help move the markets in the coming days.

Russia, China, inflation and the Fed

Fight it or not, the Fed is the likely kingmaker when it comes crypto…

Read more…

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