Bitcoin (BTC) experienced a significant downturn this week, dropping beneath the $70,000 threshold following the Federal Reserve’s announcement to maintain current interest rates while indicating a more gradual approach to future rate reductions than market participants anticipated. The Federal Reserve maintained its policy rate within the 3.5%–3.75% corridor. However, the primary source of concern for market participants stemmed from Chairman Jerome Powell’s messaging during the post-meeting briefing. Powell highlighted escalating crude oil costs as an emerging inflationary threat. “The oil shock for sure shows up,” ... (full story)