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War, CPI and $28K BTC price — 5 things to know in Bitcoin this week
MAP: fiatleak.com/btc
Bitcoin prepares for a testing macro week as geopolitical uncertainty injects volatility into gold, oil and the U.S. dollar, but BTC price action has yet to react.
Bitcoin starts the second week of October up 4% month-to-date as geopolitical instability provides a snap market focus.
BTC price action continues to hold steady at $28,000, but what will happen next as markets react to the war in Israel?
In what could end up a volatile period for risk assets, Bitcoin has yet to offer a significant reaction, spending the weekend in a tight corridor.
That could soon change, however, as the Wall Street open comes amid a hike in oil and gold, along with U.S. dollar strength.
Macroeconomic triggers are also far from lacking, with the coming days due to see the September print of the U.S. Consumer Price Index (CPI). In the wake of surprise employment data last week, the readout holds additional importance for the Federal Reserve.
Read More: https://cointelegraph.com/news/war-cpi-28k-btc-price-5-things-bitcoin-week
MAP: fiatleak.com/btc
Bitcoin prepares for a testing macro week as geopolitical uncertainty injects volatility into gold, oil and the U.S. dollar, but BTC price action has yet to react.
Bitcoin starts the second week of October up 4% month-to-date as geopolitical instability provides a snap market focus.
BTC price action continues to hold steady at $28,000, but what will happen next as markets react to the war in Israel?
In what could end up a volatile period for risk assets, Bitcoin has yet to offer a significant reaction, spending the weekend in a tight corridor.
That could soon change, however, as the Wall Street open comes amid a hike in oil and gold, along with U.S. dollar strength.
Macroeconomic triggers are also far from lacking, with the coming days due to see the September print of the U.S. Consumer Price Index (CPI). In the wake of surprise employment data last week, the readout holds additional importance for the Federal Reserve.
Read More: https://cointelegraph.com/news/war-cpi-28k-btc-price-5-things-bitcoin-week
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