quick take
- BTC is down 4% since the Federal Reserve hiked interest rates by 25bps.
- DXY is currently trading at 102.5
- Gold performed very well, gaining 1% gains
- “We no longer expect continued rate hikes to be appropriate,” Powell said.
- Federal Reserve futures are pricing in no further rate hikes this year.
Post Bitcoin, DXY suffers the most from the upcoming FOMC meeting, which first appeared on CryptoSlate.
