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BTC price struggles below $39K ahead of expected interest rate hike by the Fed -Breaking

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© Reuters.

A bit of good news for the blockchain community came from regulators at the European Parliament’s Committee on Economic and Monetary Affairs on March 14. Rejecting a ban on proofs-of-work (PoW) based cryptocurrencies like (BTCIt would have had serious ramifications on the crypto industry.

Source: Cointelegraph Markets Pro TradingViewThis shows that Bitcoin trades sideways at $39,000 despite this positive change. Futures CME Fed Fund prices Please suggestTraders are pricing in an April 16 rate increase with 100% confidence.

BTC/USDT one-day chart. Source: TradingView
one-day chart. Source: Twitter (NYSE :
BTC/USD one-day chart. Source: Twitter
BTC/USD one-day chart. Source: Twitter
BTC/USD 1-week chart. Source: Twitter
BTC/USD 1-month chart. Source: Twitter