Bitcoin and the broader cryptocurrency market entered a strong rally last weekend taking the total crypto market once again above $1 trillion. BTC and ETH will close the previous week with double-digit weekly gains.
However, the crypto market has been bracing up for volatility ahead of the U.S. CPI inflation data coming this week. The BTC price is less than 1% up in the last 24 hours and is currently trading at $21,763 levels. Similarly, ETH is down 2.15% and trading at $1,725 levels.
Higher than expected inflation reading on Tuesday, September 13, could cast shadows on the crypto market rally. Furthermore, it could directly impact the Fed’s interest-rate decision ahead of this month. A majority of the market experts believe that the Fed could go for a 75 basis points rate hike this month.
However, a higher inflation reading could force the Fed to turn hawkish with a higher rate hike. But some market experts also believe that the speed of Fed rate hikes could be slowing in the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...