Positive Outlook for Bitcoin Traders Bitcoin (CRYPTO: BTC) traders are eagerly awaiting potential market-moving events this week. There are several factors that could impact the price of Bitcoin, including upcoming macroeconomic data and the launch of Ethereum (CRYPTO: ETH) on July 15. Fed Chair Jerome Powell Testifying on Policy One of the main catalysts for Bitcoin this week is Federal Reserve chair Jerome Powell's testimony on monetary policy. Traders will be closely watching for any hints of future interest rate changes or economic outlook, as this could impact the overall market sentiment and potentially drive the price of Bitcoin. New CPI & PPI Data Impacting Yields and the DXY In addition to Powell's testimony, new consumer price index (CPI) and producer price index (PPI) data will also be released this week. These reports could impact bond yields and the strength of the US dollar (DXY), which could have a ripple effect on the crypto market and potentially boo...
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