The Federal Reserve will issue its decision on interest rates this week and Bitcoin’s tight range trading could see an uptick in volatility leading into the announcement.
The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%.
Could the strength in the U.S. equities markets and the weakness in the U.S. dollar index attract buying in the beaten-down cryptocurrency sector? Let’s study the charts to find out.The S&P 500 index turned up sharply from 3,928 on March 2, indicating that buyers have not given up and are accumulating at lower levels.Buyers pushed the price above the 20-day exponential moving average on March 3 and followed it up with another move higher on March 6.
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