Go With The FED, Why Bitcoin Could Benefit From Interest Rate Hikes In 2022

Go With The FED, Why Bitcoin Could Benefit From Interest Rate Hikes In 2022


Bitcoin is close of ending its first week of the year in the red, as the crypto market took another blow and sits at critical support. The benchmark crypto records a 7.3% loss in 24 hours, trading at $43,000 after coming back from the lows near $42,000.

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BTC on a downtrend in the 4-hour chart. Source: BTCUSD Tradingview

Bitcoin did a wick into its current levels on December 3rd. Therefore, some traders were expecting this are to be fill before the bulls could take another swing at new highs. In the short term, BTC’s price is yet to stabilize and could dipped further into the high $30,000s and

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