BTC is still holding the $17,000 mark hours before Fed Chair Powell takes to the stage.
showed BTC/USD consolidating after hitting $17,396 on Bitstamp the day prior — its highest since Dec. 16.
Fed Chair Jerome Powell was due to speak at a central bank conference on the day, with bulls hoping for a more dovish tone in the wake of several months of declining inflation. Commenting on short-term BTC price action, Michaël van de Poppe, founder and CEO of trading firm Eight, cautioned on becoming overly optimistic.
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