Bitcoin is retracing its recent week losses, and it’s about to reclaim the support lost during the FTX debacle. The number one crypto by market capitalization is displaying some short-term strength as macroeconomic conditions continue to improve. Related Reading: Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones Other cryptocurrencies in the crypto top 10 by market cap are seeing profits. Dogecoin (DOGE) and Ethereum (ETH) are leading the rally with double digits gains in the previous week. As of this writing, Bitcoin is moving sideways between $16,900 and $17,000 and adjacent levels. Bitcoin Is Up, Is The Market Over? Yesterday, the U.S. Federal Reserve (Fed) Chairman Jerome Powell hinted at moderating the monetary policy. The financial institution has been increasing interest rate hikes to mitigate inflation. The market is feeling the effects of the Fed’s policies. Unemployment metrics are increasing, the U.S. economy is slowing down, and Commodities maintain their bearish trajectory, but most importantly, the Real Estate sector took some massive damage. Recent data indicates that homes sale in the U.S ..
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