Binance ‘FUD’ meets CPI — 5 things to know in Bitcoin this week By Cointelegraph

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© Reuters.

(BTC) starts a new week at the center of new crypto industry drama as the highest fees in two years pressure price action.

Downside volatility is greeting traders thanks to a full mempool, and explanations point the finger at multiple parties.

1-day candle chart (Bitstamp) with 50EMA. Source: TradingView
BTC/USD annotated chart. Source: Crypto Busy/ Twitter
Bitcoin NVT ratio chart. Source: Glassnode/ Twitter
Bitcoin miner reserves. Source: CryptoQuant