Bitcoin faces a cocktail of obstacles this week — here are five of them.
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.
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.Russia, China, inflation and the FedOn Wednesday, policymakers will decide whether or not to proceed with a key interest rate hike which has been expected since last year.
BTC has already shown itself to be firmly attached to U.S. equities, and any knee-jerk reactions to the Fed will likely be copied. Tomorrow, March 14th, the European Parliament ECON Committee will vote on the MiCA, the regulation that will define the course of cryptocurrency adoption in the EU.While critics have already dismissed the idea as ludicrous, the threat to sentiment from a potential victory remains.
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