Can Bitcoin bulls claw their way to a $30,000 retest?
“This comes a day after Federal Reserve Chair Jerome Powell said the US banking system was stronger than ever.”
Financial commentary resource, The Kobeissi Letter, considered the potential for the fallout to continue to ripple outward.argued"S&P 500 is down over 100 points from its high this week while regional banks are at fresh lows. At first, it appeared the crisis was isolated. Perhaps this isn’t as isolated as it seemed."
After the Federal Reserve raised interest rates this week, market expectations nonetheless pivoted to predicting an end to the hiking cycle. According to CME Group'sFed target rate probabilities chart. Source: CME GroupWhen it came to BTC price action, traders eyed the potential for a closer rematch with $30,000 and higher.
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