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After the Wednesday’s Fed remarks, Bitcoin rose quite nicely, but yesterday was a bad wake up call for many, as it created a new low. What does that mean?
As per usual, today we will check out Bitcoin. The wiggle room for upcoming moves is getting smaller by day, which is why I believe we are going to see a significant price move in coming days to either side. Let’s look together as to why and how could that happen?
Jerome Powell, Chairman of Fed, had significant impact on the yesterday’s price action of almost all markets. That obviously applies to cryptocurrencies as well. What was the reaction of the biggest one, Bitcoin, after his remarks?