June 21 (Cointime) - Bitcoin is facing a difficult week as conflicting monetary policies and investor sentiment put it in the crossfire of macroeconomic decisions. The Bank of England and the European Central Bank are both expected to implement rate hikes, which could have a negative impact on risk-on investments, including crypto. However, the digital asset market is still relatively young and volatile, and emerging narratives could sway it either way. The situation is further complicated by contrasting stances in different regions, with China's rate cuts potentially perking up the crypto market while any economic stagnation in the US could negatively impact it.
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