Bullish Trendline Forming on BTC's Hourly Chart; SEC Investigates NFT Projects
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On Thursday morning (Asian trading hours), the crypto market's strong upward momentum that kicked off on Monday was halted after the U.S. Federal Reserve confirmed that the planned interest rate hikes look set to commence this month. As it is still uncertain if said impending rate hikes and the rapidly escalating geopolitical situation in eastern Europe could further erode investors' confidence in the crypto market, these are situations that have to be monitored very closely indeed.