Bitcoin remained relatively stable on May 22, following the Wall Street opening amid speculation that US interest rates may rise. Data from Cointelegraph Markets Pro and TradingView showed that the cryptocurrency was hovering just below $27,000. Market commentators have warned of a potential breakdown, with key trend lines – such as the 200-week moving average (MA) – potentially seeing a retest. Meanwhile, Federal Reserve Bank of St Louis President James Bullard has predicted at least two further interest rate hikes this year.
2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility
