Prior to today’s upside action, bitcoin had been locked in a very tight range on either side of $28,000 for about 10 days. There’s no apparent news behind Monday’s sizable gains. Looking ahead, Wednesday will see the release of the Consumer Price Index (CPI) for March, one of the more important pieces of economic data prior to the U.S. Federal Reserve’s early May meeting at which many are betting the central bank might end its more than year-long series of interest rate hikes.
Related posts
-
The Price of Kaspa’s KAS Token Bucks Broader Crypto Market Decline, Surges 26% in a Week
That decline, however, obscures the 26% surge in the Kaspa blockchain’s KAS token. The token, ranked... -
Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst
Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a significant decline in value recently. Over... -
Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Rally
In a recent technical analysis by popular crypto analyst Big Mike (@Michael_EWpro), the likelihood of a...