Bitcoin has slipped to its lowest level in about 12 weeks, erasing most of the gains it posted over the summer. Market pressures cited include stubborn inflation, expectations that the Federal Reserve could raise interest rates again, and outflows from ETFs. The price is now hovering near where it stood back in August.
Macro signals like rate expectations and ETF flows are clearly weighing on $BTC right now. Are you watching these indicators closely, or focusing on something else?
Source: https://decrypt.co/383231/bitcoin-hits-12-week-low-fed-rate-fears-undo-summer-rally
#Riopay #Crypto #CryptoNews #Binance
Macro signals like rate expectations and ETF flows are clearly weighing on $BTC right now. Are you watching these indicators closely, or focusing on something else?
Source: https://decrypt.co/383231/bitcoin-hits-12-week-low-fed-rate-fears-undo-summer-rally
#Riopay #Crypto #CryptoNews #Binance
