Bitcoin Faces Three Major U.S. Catalysts This Week
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Bitcoin kicks off a decisive week around $79,500, with markets watching for inflation data, a Treasury auction, and the Federal Reserve’s next decision. The PPP and the ICC could change rate expectations, while bond yields once again become a threat to BTC’s recovery.
Bitcoin (BTC) is back below the psychological level... The article Bitcoin Under Pressure Again, CPI and the Fed Will Determine the Next Direction first appeared on DIALEKTIKA
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BITRSSBitcoin Faces a Crucial Week: These US Events Could Decide BTC’s Next Big Move
Following last Friday’s strong US jobs report and the subsequent odd increase in expectations for an upcoming Fed rate hike, risk-on assets are entering the final week before the crucial FOMC meeting scheduled for September 15-16. In the coming days, inflation data is likely to determine whether...
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