2022-05-26 20:46:14

This Week In Crypto: Uncertainty Hurts Investor Sentiment

BTC Consolidates Below $30,000 Bitcoin (BTC) is currently stuck in a tight range, with the seminal cryptocurrency remaining under pressure as the Federal Reserve signals more interest rate hikes lie ahead. The largest cryptocurrency by market capitalization has been struggling to sustain itself above the $30,000 resistance level since the start of this month. Due to the uncertainty regarding how many rate hikes the Federal Reserve will implement to control inflation, crypto and equity markets are moving sideways. While some investors expect a relief rally to arrive in the coming days, derivatives data highlights that BTC positions with open interest worth $1.

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