Bitcoin is now 4% down since Jerome Powell started to discuss economic projections
Quick Take
- BTC is down 4% since the Federal Reserve raised interest rates by 25bps
- DXY is now trading at 102.5
- Gold performed exceptionally well, extending its rally by 1%
- Powell said, “we no longer expect that ongoing rate increases will be appropriate”.
- Fed Funds futures are pricing in no more rate hikes this year.
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Author: James Van Straten
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