Bitcoin consolidates below $20,000 as macro headwinds mount – Cryptocurrency News
Posted on September 30, 2022 at 1:37 pm GMTDuring the past week, Bitcoin and most major altcoins have been trading within a range, exhibiting remarkable resilience amid increasing economic uncertainty and a broader stock market decline. What’s more, apart from signs of a weakening correlation with equities, Bitcoin also displayed some inflation hedging attributes after the pound’s collapse. Therefore, are cryptocurrencies slowly decoupling from traditional risky assets and becoming less susceptible to macroeconomic factors? Bitcoin on a wild ride Bitcoin struggled to find clear direction as September and the quarter drew to a close, trading within [..]