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BTC/USD: Confused After FOMC?
Bitcoin trades with sharp volatility as markets react to the FOMC decision and Jerome Powell’s mixed signals on employment and inflation. Uncertainty dominates sentiment, leaving traders focused on technical levels to determine the next major move. Bitcoin continues to see a lot of volatility during the Wednesday session, which, of course, is not a huge surprise considering that we have the FOMC interest rate decision and the press conference. Jerome Powell has suggested that there is risk to employment, but at the same time, there is risk to inflation, kicking off what can be thought of as stagflation. Whether or ... (full story)