its staking service in the U.S. and to pay a $30 million fine in a settlement with the U.S. Securities and Exchange Commission .
BTC had as recently as Feb. 1 changed hands above $24,000. Investors will be eyeing Tuesday’s consumer price index to see if the U.S. Federal Reserve’s monetary policy has continued to chip away at inflation and to predict the size of the central bank’s next interest rate hike. The CPIto continue downward momentum that has pleased riskier asset markets. But Fed governors remain concerned about over-tightening money supply and casting the economy into a deep recession.
“The news flow has been rather bearish for crypto and you can’t forget about tomorrow’s inflation report that could be hot and spell trouble for risky assets,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note. “If inflation comes in scorching hot, bitcoin could breach the key $20,000 level and target the $18,500 region,” Moya added.
_jocelynyang_ Let’s see what the week brings…
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