Bitcoin Price Prediction: Powell’s Final Fed Meeting Just Triggered the Most Dissenting Votes Since ...
Bitcoin price is bleeding, BTC trades at $76,000, down 1.75% over 24 hours and 2.15% over the past week, a slide that’s accelerating bearish prediction on macro headwinds most traders didn’t fully price in.
Federal Reserve Chair Jerome Powell’s final press conference Wednesday delivered the catalyst.
Bitcoin dropped 2% to $75,000 in the immediate aftermath as markets absorbed a fractured Fed decision, four dissents on a single vote, the most since October 1992, according to Kraken chief economist Thomas Perfumo.
“The absence of a clean handoff to Warsh suggests the potential for discord over policy at the Fed,” Perfumo said in a note shared with DL News.
Traders responded by dumping $138 million in spot Bitcoin ETFs following the meeting, reversing a chunk of April’s recovery. That’s a notable reversal given the roughly $2 billion that poured into Bitcoin ETFs this month, April remains BTC’s best month since October.
https://finance.yahoo.com/...
Bitcoin price is bleeding, BTC trades at $76,000, down 1.75% over 24 hours and 2.15% over the past week, a slide that’s accelerating bearish prediction on macro headwinds most traders didn’t fully price in.
Federal Reserve Chair Jerome Powell’s final press conference Wednesday delivered the catalyst.
Bitcoin dropped 2% to $75,000 in the immediate aftermath as markets absorbed a fractured Fed decision, four dissents on a single vote, the most since October 1992, according to Kraken chief economist Thomas Perfumo.
“The absence of a clean handoff to Warsh suggests the potential for discord over policy at the Fed,” Perfumo said in a note shared with DL News.
Traders responded by dumping $138 million in spot Bitcoin ETFs following the meeting, reversing a chunk of April’s recovery. That’s a notable reversal given the roughly $2 billion that poured into Bitcoin ETFs this month, April remains BTC’s best month since October.
https://finance.yahoo.com/...
4 months ago
