Thursday, March 28, 2024
Home > News > Bitcoin News > Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say

Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say

“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency,” Dick Lo, the founder and CEO of quant-driven crypto trading firm TDX Strategies, told CryptoX.

Source