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Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside

August 26, 2022

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Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside



A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. Following Powell’s speech, BTC price dropped as low as $20,700.  Bitcoin/USD [...]

Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside Rating: 4.5 Diposkan Oleh: Dr-tech

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