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Bitcoin Cointelegraph

Here is why Bitcoin price gave back all its intraday gains

BTC price retraced all of its intraday gains after Fed chair Jerome Powell issued hawkish statements related to the central bank's 50 basis point interest rate hike.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Here is why Bitcoin price gave back all its intraday gains

BTC price retraced all of its intraday gains after Fed chair Jerome Powell issued hawkish statements related to the central bank's 50 basis point interest rate hike.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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