The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin.
A time tunnel to November 2020 opens on BTC price action as the U.S. dollar lays waste to currencies and equities alike.
Jerome Powell is lengthening economic pain by refusing to raise interest rates at the necessary pace. It’s time to rip off the band-aid.
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC.
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
Bitcoin price dropped to $18,270, but derivatives traders didn’t flinch. Here is why.