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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.