Following the Fed statement, BTC briefly rose to $58K before quickly dropping again, indicating ongoing strong selling pressure...
has stirred both criticism and compliments. Particularly noteworthy was Jerome Powell’s indication that a ‘rate hike’ is unlikely to be the central bank’s next move.and the cryptocurrency market. In fact, following the Fed statement, BTC briefly rose to $58K before quickly dropping again, indicating ongoing strong selling pressure.“Employment data is actually the most important thing for determining if and when, the Fed will have coverage to actually start cutting rates.
“The day of the FED, Bitcoin finally cracked 59k and saw a brutal wash out. I think that there’s probably a good chance based on what happened with the price action, which is a more or less reversal in risk.”
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