HomeUncategorizedUS will see new ‘inflation spike’ — 5 things to know in Bitcoin this week By Cointelegraph

US will see new ‘inflation spike’ — 5 things to know in Bitcoin this week By Cointelegraph

January 2, 2023

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© Reuters.

(BTC) begins the first week of 2023 in an uninspiring place as volatility stays away — along with traders.

After failing to budge throughout the Christmas and new year break, BTC price action remains locked in a narrow range.

Bitcoin historical volatility index (BVOL) 1-week candle chart. Source: TradingView
annotated chart. Source: Il Capo of Crypto/ Twitter
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC/USD annotated chart. Source: Pentoshi/ Twitter
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
(DXY) 1-week candle chart. Source: TradingView
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Bitcoin hash ribbons annotated chart. Source: Charles Edwards/ Twitter
BTC supply last active 5-7 years ago chart. Source: Glassnode/ Twitter
BTC supply last active 3-6 months ago chart. Source: Glassnode/ Twitter
BTC/USD annotated chart. Source: Stockmoney Lizards/ Twitter
Crypto Fear & Greed Index (screenshot). Source: Alternative.me