The crypto market has experienced a significant selloff, with Bitcoin falling to $66,000 and shedding $6,000 in value in just one day. This decline comes right before the FOMC meeting and the release of US inflation data. We’ll explore scenarios for tomorrow, how Bitcoin might react based on the data, and what this means for the broader market.
Key Points
Below I have summarised the most important updates and an outlook for the market.
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