Bitcoin in consolidation as dollar strength reaches 20-year high

Week 27, 2022

Highlights from the last week

Market Update

• Bitcoin has declined below $20,000 after a promising mid-week performance last week but remains within its consolidation range. The Monday sell-off was sparked by a poor weekly open for equities, as the market braces for the upcoming CPI release on Wednesday. (Read article)

• June U.S. CPI numbers are released on W…