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Macro Mania. Crypto assets are getting volatile as macro is once again dominating the narrative. Is the bottom in, or is the downside just getting started?
Bitcoin fell below the key $60k level that had supported price for the past two months this morning, making its way all the way down to $56.6k prior to the Federal Open Market Commission’s (FOMC’s) interest rate decision announcement.
Despite acknowledging that BTC may have further downside to come in the near future, some traders have gotten bullish on the possibility that much of the selling has subsided, believing that alts front-ran the dump and that their relative strength today will mark a bottom against BTC.
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