The Fed Could Drive Bitcoin to $18,000 or Unleash More Selling Pressure

Cryptocurrency prices including


Bitcoin


drifted slightly higher Saturday ahead of an eventful macro week for markets. Highly anticipated inflation data and a likely increase in interest rates from the Federal Reserve will be the main events.

Bitcoin was changing hands at $17,174 on Saturday, up 0.1% over the past 24 hours, according to CoinDesk. The price of the cryptocurrency fell three of the past five days while stocks also had a difficult week.


Ether


the second-largest cryptocurrency by market value, was up about 0.3% on Saturday to $1,272.

Source: https://www.barrons.com/articles/bitcoin-prices-crypto-markets-federal-reserve-51670695538?siteid=yhoof2&yptr=yahoo