BTC is all shook up as the Fed hints that today's 25 point rate hike might just be the last.
During an ongoing, Fed Chair Jerome Powell appeared to play down the ongoing U.S. banking crisis and its aftermath, while hinting that the day's interest rate hike may be the last.
"It is too soon to determine the extent of these effects, and therefore too soon to tell how monetary policy should respond," he stated. BTC/USD initially saw local lows of $27,867 on Bitstamp around the events before returning to trade above $28,000, only to continue falling at the time of writing as markets continued to digest Powell's responses to press queries.
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