Bitcoin Prices Fall After the Fed Meeting. Powell Is Pulling the Strings. - Barron's - Crypto Pharm

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Wednesday, November 2, 2022

Bitcoin Prices Fall After the Fed Meeting. Powell Is Pulling the Strings. - Barron's

Bitcoin lost its gains, falling after today’s interest-rate decision and Federal Reserve Chairman Jerome Powell’s press conference.

The price of Bitcoin was sitting around $20,300 in late afternoon trading, down about 1% over the past 24 hours. The largest crypto looked vulnerable to a drop below the $20,000 level and back into the $19,000 to $20,000 range where it has stagnated for much of the past two months. A rally last week had lifted it as high as nearly $21,000.

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