Btc markets paused

In addition, there is underlying solid buying in the Asian region, as China and Japan generally have rate cuts," Griffin Ardern, a volatility trader from crypto-asset management company Blofin, said. The stability in the credit markets, however, may encourage the Fed to take aggressive steps should inflation continue to rise.

The CPI for March is due next week. Ardern also cited the minutes of the March Fed meeting and the upcoming European Central Bank meeting as critical events to watch out for. Bitcoin's recent consolidation has taken the shape of a bull pennant, identified by converging trendlines, representing a narrowing price range after a notable move higher. Th dollar index's daily chart TradingView.

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On Purpose, With Tyrone Ross. Sponsored Content. Market Moves: Analysts maintain a constructive outlook on bitcoin amid the cryptocurrency's triangular consolidation under the day average. Calm in credit markets suggests Fed's liquidity tightening isn't as severe as widely feared. Chartist Corner: Bitcoin forms a pennant. Andrew Wagner , co-founder, BlockRaiders Guild. We've detected you are on Internet Explorer. For the best Barrons. Google Firefox. Subscribe Now.

Subscribe or Sign In. Close Bitcoin Prices Steady, Solana Soars, and What Else Is Happening in Crypto Prices for bitcoin and other cryptocurrencies were mostly treading water Thursday, holding onto gains from a recent rally as risk sentiment in wider markets paused while investors monitored developments in the Russia-Ukraine war. Thank you This article has been sent to.

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