Here are 5 key topics when it comes to BTC movements this week.
Fed target rate probabilities chart. Source: CME Group
Continuing, financial commentator Tedtalksmacro argued that core CPI would be the figure to watch for the Fed. “Headline is expected to fall to 3.20% YoY, which would make for the lowest print since March 2021. The Cleveland Fed, University of Michigan + Truflation all anticipating a similar number,” he“Core CPI is expected to tick lower to 5.1% YoY, the lowest level since November 2021. Core remains the concern for the market, and I'd anticipate the market gives it more weight in it's reaction on Wednesday.
In a refreshing turnaround, Bitcoin network fundamentals are gearing up to hit new all-time highs in the coming days.predict that network difficulty will jump by more than 5% — its largest single upward adjustment since late March.Given stagnant price action, this is significant, speaking to ongoing competition in the mining sector and increasing belief in future profitability. In doing so, difficulty will cancel out its previous dip to hit new record highs of around 53.2 trillion.
“During the 2017 bull run, there was no national mining ban that put half of the entire network hashrate out of business, and there were also no fake coins being sold by FTX, BlockFi, and Celsius,” he
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