Bitcoin checked losses at the Wall Street open on June 22, but the Federal Reserve’s decision on rate hikes will likely determine where it goes next. (Reporting via WilliamSuberg)
wicked below the $20,000 markMarkets braced for last-minute surprises from testimony to Congress by Fed Chair Jerome Powell on the day, this ultimately providing no fresh insight into the central bank's approach to"We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy," a copy of Powell's testimony"We will make our decisions meeting by meeting, and we...
Both the S&P 500 and Nasdaq Composite Index opened slightly down after brisk progress on the day prior, providing similarly non-volatile conditions for crypto markets., the consensus among analysts nonetheless continues to point to further retests of lower levels, with $16,000 particularly popular in the case of Bitcoin.
"Declining volume with a completed impulse wave. Looking for an ABC pullback too long. I had put in a long, but closed due to the structure completion here," popular Twitter account Crypto TonyHis concerns about low volume on an upward impulse move were shared by fellow trader and analyst Rekt Capital, who urged Twitter followers not to place too much faith in the strength of the rally.
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