High volatility is anticipated this week due to the release of crucial data on U.S CPI and PPI.
If the BTC price manages to go past the $26,380 mark then a fresh rally is expected.
Bitcoin price has so far managed to avoid further decline by finding support around the $25,000 region; it was around this price that the last upswing to $31,500 began. BTC made a dramatic recovery after yesterday’s drop, climbing to around $26,000 earlier today. In a short time, the BTC price rose from $25,210 to $25,973. Furthermore, high volatility is anticipated this week due to the release of U.S CPI and PPI data.
The former CEO of BitMEX, Arthur Hayes, recently made the suggestion that a rate drop by the Fed might boost BTC to the $70,000 level and revitalize the US financial system. This claim adds a new dimension to the discussion among investors regarding the future course of the crypto market.
High Volatility Expected
According to Glassnode, a blockchain data analytics firm, the market for digi
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