A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin. But those expecting bullish fireworks may be disappointed.
In a hearing with the loaded title “A Golden Age of Digital Assets,” the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.
As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he’ll address.
Recovery from oversold momentum indicator, the upcoming Pectra upgrade and Wednesday’s CPI report are among the catalysts that could fuel an ETH rally,, a 10x Research report noted.
