Crypto

Bitcoin volatility surges ahead of FOMC; five key factors to watch this week

Bitcoin has entered a phase of rising volatility ahead of this week’s U.S. Federal Open Market Committee rate decision and the personal consumption expenditures price index. Markets are watching whether the U.S. rate path turns more hawkish again and how that may hit risk assets. Oil fell after the United States and Iran halted attacks, easing rate-hike expectations. Investors are also tracking U.S. equities, technical resistance levels and exchange inflow patterns.

Crypto

Grayscale says bitcoin may have bottomed earlier than four-year cycle

Grayscale has raised the possibility that bitcoin may have hit its bottom earlier than the timing implied by the traditional four-year cycle. Grayscale Research head Zach Pandl said bitcoin is becoming a mature asset and is increasingly influenced by macroeconomic variables, including the Federal Reserve\'s rate decisions. He said bitcoin may already have bottomed if the Fed does not raise rates and economic growth holds. Regulatory uncertainty remains a risk.