Bitcoin price rises to $20.7K as Fed's Powell says more rate hikes 'appropriate'

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Bitcoin checked losses at the Wall Street open on June 22, but the Federal Reserve’s decision on rate hikes will likely determine where it goes next. (Reporting via WilliamSuberg)

wicked below the $20,000 markMarkets braced for last-minute surprises from testimony to Congress by Fed Chair Jerome Powell on the day, this ultimately providing no fresh insight into the central bank's approach to"We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy," a copy of Powell's testimony"We will make our decisions meeting by meeting, and we...

Both the S&P 500 and Nasdaq Composite Index opened slightly down after brisk progress on the day prior, providing similarly non-volatile conditions for crypto markets., the consensus among analysts nonetheless continues to point to further retests of lower levels, with $16,000 particularly popular in the case of Bitcoin.

"Declining volume with a completed impulse wave. Looking for an ABC pullback too long. I had put in a long, but closed due to the structure completion here," popular Twitter account Crypto TonyHis concerns about low volume on an upward impulse move were shared by fellow trader and analyst Rekt Capital, who urged Twitter followers not to place too much faith in the strength of the rally.

 

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WilliamSuberg Bitcoin must go 14k and test that gap

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Powell Says Fed Will Continue Hiking Rates Until There Is ‘Clear Proof’ That Inflation Is Slowing“We are strongly committed to bringing inflation back down,” Powell told Congress. We are not coming back.. we were already in severe debt before the corrupt Biden admin gave Ukraine 40billion+ Stagflation incoming. Better tell Biden to end the conflict with Russia that’s where all the money is being focused on or find a magic lamp with a genie. Brandon’s call no pressure
Source: Forbes - 🏆 394. / 53 Read more »

Powell says U.S. economy can handle the additional rate hikes that are coming“The American economy is very strong and well positioned to handle tighter monetary policy,” Federal Reserve Chairman Jerome Powell said. “We anticipate that ongoing rate increases will be appropriate.” Sureeeeee Says a rich guy out of touch with 99 percent of America fuck this, Jan 6th was nothin compared to whats coming if they keep this shit up! Especially since they directed the whole thing
Source: MarketWatch - 🏆 3. / 97 Read more »

The Federal Reserve will decide on interest rate hikes ‘meeting by meeting’Federal Reserve Chair Jerome Powell said the pace of future interest rate hikes will depend on whether — and how quickly — inflation starts to decline, something the Fed will assess on a “meeting by meeting” basis. Another failure on purpose. FJB Anything on this fine democrat? Didn’t think so….. My prediction....pain.
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Bloomberg - Are you a robot?Aussi ,on ne peut traiter l'inflation en relevant les taux d'interet car il existe d'autres outils de combat susceptibles de ramener %d'inflation a -5%bien que le systeme financier mondial imparfait necessite l'application d'un sy/mon plus equitable
Source: economics - 🏆 71. / 68 Read more »

I want to buy at the Shore but I’m ill. What are the options?Prices are high and mortgage rates are on the rise. …wut ? I think your mobile web page is busted. Just looks like a tiny article.
Source: njdotcom - 🏆 282. / 63 Read more »

Risk of US recession doubled since Fed’s latest rate hike: Goldman SachsThe risk of the US economy sliding into a recession this year doubled last week after the Federal Reserve implemented its sharpest interest rate hike since 1994, according to Goldman Sachs economis… As long as the rich people in Washington are getting Richer..it's ok to destroy everyone else
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