Bitcoin: 3 Things That May Affect Price in the Next 10 Days
Bitcoin could experience volatility in November 2022 as three developments might dictate its price movements this month. Historically, economic developments and government decisions have affected Bitcoin and the crypto markets, and this time is no different. The U.S is poised for three major headways this month that could sway Bitcoin’s price and kick in volatility. It’s time to remain cautious for the next 10 days, as BTC could either crash or move north with the upcoming developments. Also Read: Bitcoin: November 2022 to be ‘Moonvember’ For BTC? Bitcoin: 3 Things to Watch Out For in November 2022 1. FOMC Meeting Source: Business2Community The Feds are expected to raise interest rate s again by 75 BPS on Wednesday, according to reports. The interest rate could eventually reach about 5%, reported Goldman Sachs. This is the fourth time that the Feds raised interest rate s in 2022 to combat the rising inflation. The interest hikes pose a challenge to Bitcoin as the ki...