Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell

Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell

The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected.

BTC Tumbles to $26.9K on Hawkish Statement by US Federal Reserve Chief

TEHRAN (Tasnim) – Bitcoin's (BTC) price remained flat at around $27,200 in the minutes in the wake of the central bank’s announcement but later tumbled some 1% to $26,900 as the Fed chair said the central bank will do more rate hikes if the economy remains stronger than expected.