BTC and ETH Prices Cling to Key Support Levels as Negative Sentiment Persists
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Written By: Marcus Wang and the Crypto Insights Team
Edited by: Charmyn Ho
Macro and Overall Risk Sentiment
The FOMC minutes released last week may have offered some hope for the eventual slowing down of the interest rate hike. The dollar is heading towards its steepest monthly decline since 2009, and the benchmark 10-year Treasury yield is down more than 30 basis points in November. Optimism is resurfacing across a range of assets as investors begin to pivot towards embracing more risks. Moving forward, insights into the Federal Reserve’s upcoming rate hike path will be tipped this week when Fed Chair Jerome Powell speaks at the Brookings Institution coming Wednesday.