All eyes are on the FOMC meeting and the US markets

It remains to be seen what shape that “weakness” in macro markets will take. The upcoming week has fewer possible macro triggers than the previous one, with a smattering of US data releases, including personal expenditure in the form of the Personal Consumption Expenditures Index (PCE).

However, the release of the minutes from the Federal Open Market Committee (FOMC) meeting in February is the event on most crypto analysts’ radar. This is where the latest benchmark interest rate hike was determined, with hopes that Fed Chair Jerome Powell will include, if only theoretically, the language of a pause on rate rise policies.

“We also have FOMC minutes releasing on Wednesday where Powell will describe what a rate hike ‘pause’ could look like […] Middle of upcoming week is where I start considering swing entries.” crypto analysts

Yet, not everyone believes that the FOMC minutes will be easy to understand. Capital Hungry, a financial market research website, has warned this week that “sneaky hawkish revisions” may be released.

As the month draws to a close, Bitcoin’s network fundamentals are maintaining the bullish sentiment, a regular bright spot.

The next automated readjustment will struggle to add an estimated 10 percent to the existing total. Unfortunately, this will negate the tiny reduction caused by the prior adjustment, causing the difficulty to reach new all-time highs.