Crypto Market Braces for Volatility Ahead of Super Central Bank Week


Interest rate hikes are anticipated to slow as central banks continue to war against the inflationary threat. In response, the crypto market could remain volatile with other risky assets.

Reports underlined that the U.S. will release its November inflation figures this week to decide the course of the Federal Reserve’s policy decision for the rest of 2023. 


‘Super Central Bank Week’ Puts Pressure on the Crypto Market


The U.S. Federal Open Market Committee (FOMC) announced its decision to hike interest rates on December 14 with a 75% probability of doing so by 50 basis points. This comes after six significant hikes this year. At the same time, the central banks of Europe and Great Britain will also publish their interest rate decisions in the week. Therefore, “Super Central Bank Week” will begin around the world this week.


Today, the global cryptocurrency market cap slid back to $877 billion in a fall of around 2% in the last 24 hours, according to CoinGecko. At the time of press, Bitcoin was trading under $17,000 per coin, while Ethereum remained under $1,300.

All top cryptos by market cap were in the red following the opening of the new week.


Will ‘Digital Gold’ Perform in a low-Inflation Regime


In global markets, gold rates slipped on the back of the upcoming policy decision. Since gold is considered a hedge against inflation, lowering inflationary levels brings down the price of the yellow metal. Often equated with digital gold, Bitcoin is also expected to remain volatile in the transition.


Bloomberg’s senior strategist Mike McGlone recently tweeted that BTC is turning into a “high-beta version of gold.” This means that Bitcoin can outperform gold during market downturns. However, BTC can also slide more profoundly when the gold loses its shine.


And with recessionary sentiments entering 2023, McGlone anticipates gold to become a top performer.

At press time, Bitcoin’s fear and greed index reflects fear in the market. 


Meanwhile, the total value locked in the decentralized finance market has also decreased in the past 24 hours. DeFiLlama noted a TVL of under $42 billion, a fall of around a percentage during the period. logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested.

Automata ICO Limited, a Company incorporated in Ireland with its registered office at 3rd Floor Ormond Building, 31-36 Ormond Quay Upper, Dublin 7, D07 Ee37, Ireland registered in Ireland under number 690280 has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing, we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS.

Automata ICO Limited, a Permanent Establishment incorporated in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.