Bitcoin starts yet another 2022 week in the red with a 2% loss in 24 hours and a 13.5% loss in 7 days. The benchmark crypto has been on a downtrend since the end of 2021 and could potentially dip further due to macroeconomic factors.
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BTC trends to the downside in the 4-hour chart. Source: BTCUSD Tradingview
At least, the above seems to correspond with the general sentiment in the market. The U.S. Federal Reserve is turning more hawkish due to a rise in inflation metrics, hitting new highs for the first time in 40 years.
Thus, turning potential price expectations for Bitcoin bearish as many believe risk assets will suffer in