HomeUncategorizedFed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week By Cointelegraph

Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week By Cointelegraph

May 3, 2022

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Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week

(BTC) starts a new week with much to make up for after its worst April performance ever.

The monthly close placed firmly within its established 2022 trading range, and fears are already that $30,000 or even lower is next.

Goldman Sachs (NYSE:) Bitcoin-sensitive equity index chart. Source: Jurrien Timmer/ Twitter (NYSE:)
BTC/USD 1-month candle chart (Bitstamp). Source: TradingView
BTC/USD monthly returns chart. Source: Coinglass
(DXY) 1-month candle chart. Source: TradingView
Bitcoin Illiquid Supply Change chart. Source: Glassnode
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Fear & Greed Index (screenshot). Source: CNN