Posted 11/27/2023, 10:31:38 AM
Bitcoin Faces Crucial Monthly Close as Inflation Data Looms and Miners Hit Records
- Bitcoin price faces key test at monthly close after ranging between $37K and $38K support and resistance
- Key inflation data releases this week could impact Fed's next interest rate decision and influence markets
- Grayscale Bitcoin Trust (GBTC) discount almost erased as hopes grow for spot BTC ETF approval in 2023
- Bitcoin hash rate hits new all-time high above 500 exahash, showing miners' confidence before 2024 halving
- Bitcoin exchange balances resume downtrend after November turbulence, now at lowest levels since 2018