Bitcoin, DXY suffer the most following FOMC meeting

Bitcoin is now 4% down since Jerome Powell started to discuss economic projections

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • BTC is down 4% since the Federal Reserve raised interest rates by 25bps
  • DXY is now trading at 102.5
  • Gold performed exceptionally well, extending its rally by 1%
  • Powell said, “we no longer expect that ongoing rate increases will be appropriate”.
  • Fed Funds futures are pricing in no more rate hikes this year.
Assets: (Source: Trading View)
Assets: (Source: Trading View)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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