The bear market has been relentless. The little upward momentum gathered last week came to halt. For the most part, the price action has been at the mercy of good and bad news. The whales are hibernating, and with little volatility, Bitcoin is, by far and large, directionless.
But experts are impatiently gearing up for some movement that would change the current market dynamic. And volatility may not be very far away. In fact, this is what may put more pressure on the crypto market. At a precarious $17,000, Bitcoin is at risk of losing more edge as the space continues to hover in the “fear” zone.
Despite the lack of momentum, there is hardly any boring side of crypto. But the upcoming volatility is to watch out for.
CPI and FOMC to Cap Off the Year?
The US Consumer Price Index (CPI) is yet another big event that the market participants are bracing themselves for. The report, which is slated to be released on December 13, has, historically, triggered large swings in the price of the
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