Bitcoin and the rest of the cryptocurrencies end a week of sideways movement with $16,600 for Bitcoin and $1,196 for Ethereum at the moment.
A week in which Grayscale announces that it will not present the addresses of the wallets due to security concerns, the Bahamian government confirms that it appropriated the FTX funds but not how much is in its possession, Elon Musk fired or forced to leave more than 8,000 Twitter employees and also rehabilitated several suspended accounts such as that of former President Trump.
Traditional market sentiment indicates that the Fed's next move will be to pivot to less aggressive interest rate hikes, and this was noted at the start of the week. There may be an improvement in the markets thanks to that decision but the markets have historically searched for the bottom after the previous pivots of the FED. I think we have two years of economic recovery left until we can see new highs, but until then we will have to take advantage of the different opportunities that arise from volatility if you want to risk or accumulate with DCA all the Bitcoin and Ethereum can if you want to be more cautious.
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