Crypto Update | What the Banking Crisis Means for Interests Rates and Bitcoin
Markets Outlook
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Introduction
After breaking above $28,000 for the first time in some nine months, Bitcoin has been trading in a tight range between $27,300 and $28,350 with past 24 hours. traders are predicting the US Central Bank will deliver a 25 basis point or one quarter of one percentage point rate hike. Meanwhile, an analysis by crypto service provider Matrixport shows that American buyers are leaving the safe haven bid for the original cryptocurrency.
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