Key Indicators for Bitcoin and Crypto - Trading Week 13
In the past trading week, the cryptocurrency Bitcoin (BTC) made little progress. Despite ongoing problems in the banking sector, the US Federal Reserve Bank (Fed) raised interest rates again by 0.25% to 5.00% midweek. Although the BTC price briefly rose to a new high for the year of US$28,937, the gains were dispelled in the wake of another hawkish statement by Fed chairman Jerome Powell during the press conference. What are the key indicators for the Bitcoin price this week?