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ETH/USD runs a profitable week, helped US Dollar weakness, but fails to move past critical tech levels as crypto fears persist
Over the last two weeks, Bitcoin has been in a consolidation pattern - a small ascending triangle. This pattern generally suggests continuation, i.e., a base case of a breakdown as the cryptocurrency comes under further pressure.
BTC/USD finds support today, despite the collapse of another crypto lender and hawkish remarks by Fed officials
DOGE/USD had surged after the Twitter takeover by Elon Musk, but the rally was short-lived and it runs a negative month below the $0.1 mark
ETH/USD stays on the defensive and in risk of fresh year lows, as markets assess the fallout from the recent FTX bankruptcy
Crypto fears persist after FTX filed for bankruptcy, but BTC/USD covers initial losses, help by supportive comments from Elon Musk
Cryptocurrencies take a hit this week as crypto exchange FTX faced liquidity issues and rival Binance agreed to acquire its non-US operations
BTC/USD dropped after the Fed’s latest jumbo rate hike on Wednesday, but shows resiliency to the hawkish commentary, trying to avoid a losing week
The Tesla CEO and Dogecoin supporter is now the sole Director of Twitter, ending a month-long saga over the roughly $billion acquisition deal
The market will listen to the statement's tone and Fed Chair Powell's press conference. How it is perceived will be market-moving. The real rate looks to be setting up for a trough (green arrow). If so, bitcoin may be charting a peak. I.e. if the tone is hawkish and the real rate moves up, bitcoin is likely to come under pressure.
BTC/USD is having a good week as sentiment shows improvement and the US Dollar slides, but key data from the US loom
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