This week, here are five things you need to know about Bitcoin.

Bitcoin looks set to close out the first month of 2024 by returning to its yearly starting point. So what's next for us?

In this week, which is important for the economic policies of the United States, the BTC price continues to hover at the level of 42 thousand dollars.

The current situation shows that a new period of volatility is approaching. BTC price reached a high of $49,000 last month, followed by a sharp pullback of 20%.

Bitcoin bulls will soon have to contend with Federal Reserve and U.S. moves that could lead to more turmoil in crypto markets.

The turmoil caused by the launch of the first spot Bitcoin exchange-traded funds (ETFs) in the United States has calmed down. This has been a topic of discussion in itself in recent weeks.

Bitcoin's fundamental network data, on the other hand, began to recover from the impact of the decline from $49,000. The mining difficulty is estimated to increase by 4 percent in the coming days.

Cointelegraph takes a look at the key topics that could impact the crypto market's performance in February and beyond.

January is nearing completion
The Fed's interest rate decision is the most important issue of the week that will be challenging

Despite the turmoil in Chinese markets and the problems faced by real estate giant Evergrande, it seems that the topic on everyone's lips this week will be the US decisions on interest rates and other aspects of economic policy.

The Fed's interest rate decision will be announced at the Federal Open Market Committee (FOMC) meeting on January 31.

The inflation rate was generally in line with the Fed's expectations. Macro data also came in as expected, with a few exceptions, for many months.

Markets, on the other hand, have long predicted that there may be a few surprises from this month's FOMC meeting and predict that rate cuts will begin at the March meeting.
Mining difficulty continues to increase

The Bitcoin network is not getting enough of breaking records for fundamental data.
Discussions about mining, on the other hand, naturally focus on the halving event in April, which will reduce mining block rewards by 50%.
Speculators stand out in Bitcoin's jump
Crypto market sentiment hits 3-month low
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