Wednesday, April 24, 2024

Crypto Market Confined To Price Corridor As Bitcoin Remains Stuck In Price Maze

Crypto Market Confined To Price Corridor As Bitcoin Remains Stuck In Price Maze


Bitcoin (CRYPTO: BTC) is headed toward a phase where the cryptocurrency could be confined within a specific price corridor.
According to crypto analyst Cryptonary, the backdrop of the market's current scenario has been painted by the Federal Reserve's latest remarks, which have injected a dose of uncertainty.

Join the conversation at Benzinga's forthcoming Future of Digital Assets conference on Nov. 14.

Market sentiment, as captured by Cryptonary, is reflected in the trading decisions facing investors against the backdrop of intense macroeconomic developments.

The Federal Reserve's comments, particularly those from Neel Kashkari, have not deterred risk assets from maintaining their resilience.

Kashkari's musings on the Federal Reserve's inflation battle suggest a more hawkish future stance ...

Full story available on Benzinga.com