Bitcoin is moving higher as Powell speaks, with traders taking note of the Fed chair saying, “[the] disinflationary process has started.” Powell also seemed to suggest an end to the rate hike regime was among the topics discussed at today’s meeting. Alongside bitcoin – now up to $23,450 – stocks and gold have moved into the green, while interest rates and the dollar are sliding.
Federal Reserve Lifts Interest Rates Another 25 Basis Points
