Bitcoin Close to a Bottom – Weekly Crypto Market Wrap
Investors are dumping risky assets on fears that the United States Federal Reserve will have to aggressively tighten monetary policy to bring stubborn inflation under control and that could result in a recession.
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Bitcoin Price: Biggest Swings Could Happen in May 2022
Bitcoin ended April on a sombre note with a decline of more than 17%. Bitcoin was not the only asset class that faced drubbing in April,
The Nasdaq Composite plunged 13.3% recording its worst monthly performance since October 2008.
The S&P 500 had its worst performance since March 2020 as it fell 8.8%.
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Look Beyond Bitcoin – 5 Best Altcoins to Shine in 2022
Bitcoin has pulled back this week on indications that the US Federal Reserve may raise rates at a faster face to combat surging inflation. The CME’s FedWatch Tool projects a 75% possibility of a 50 basis point hike in the next Federal Reserve meeting in May.
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