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Bitcoin rests at $17,000 ahead of Powell speech and CPI release
Bitcoin reached $17,400 yesterday, but was unable to break through. The market leader fell as low as $17,130, and is moving sideways ahead of Fed chairman Powell's speech today. Hints as to the next steps planned by the Fed will be critical in giving the market a direction.
The CPI release on Jan. 12, however, remains, the big catalyst market participants should look toward for volatility, especially as BTC's market depth is not the same as it was pre-FTX.
Published at
2023-01-10 15:59:00Event JSON
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"content": "Bitcoin rests at $17,000 ahead of Powell speech and CPI release\n\nBitcoin reached $17,400 yesterday, but was unable to break through. The market leader fell as low as $17,130, and is moving sideways ahead of Fed chairman Powell's speech today. Hints as to the next steps planned by the Fed will be critical in giving the market a direction.\n\nThe CPI release on Jan. 12, however, remains, the big catalyst market participants should look toward for volatility, especially as BTC's market depth is not the same as it was pre-FTX.",
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