Fresh Fed rate hike talk reins in BTC price gains.
This accompanied fresh comments on economic policy from Fed Chair Jerome Powell.in Sintra, Portugal, Powell reiterated Fed consensus for further interest rate hikes this year., which began in late 2021, this month, Powell nonetheless stressed that there was still room for further policy tightening.
“We started at negative real interest rates; we’ve since moved up to where we are actually in restrictive territory, but we haven’t been there very long, so we believe there’s more restriction coming.”Bitcoin appeared hesitant as a result, retracing the prior day’s gains to shy away from a renewed attack on
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