Bitcoin Bounces, but Fed and Inflation Data Loom
Photo: Crypto Daily
From a very precarious position at $79,400, the Bitcoin bulls were able to stage a recovery and push the $BTC price back above $81K. The Fed is expected to hold rates steady at the FOMC meeting, but if Fed Chair Warsh is hawkish, and if PCE data comes in hot, this could derail further gains for Bitcoin.
Source: Crypto Daily
