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continued its consolidation phase during the weekend even as investors continued their fear in the market.This price is about 17% below the highest level this month.Bitcoin has been in a consolidation phase in the past few days. Since September 19, it has remained between $20,000 and $18,000.have crashed to their lowest level this year and the US dollar has surged to the highest point in more than two decades.
The most recent catalyst for Bitcoin and other assets was the hawkish interest rate decision by the Federal Reserve. On Wednesday, the bank decided to. It also hinted that it will continue hiking in the coming months as it continues to battle the elevated inflation.
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