Bitcoin Fights to Hold $80K as Fed’s Hammack Flags Tougher Inflation Action
Photo: TheCoinrise
A hawkish signal from a Federal Reserve official has added pressure to bitcoin as it tests a closely watched support level. Bitcoin's price action has come under renewed scrutiny after Federal Reserve Bank of Cleveland President Beth Hammack signaled the central bank may need to act more forcefully against inflation. Her comments arrived as bitcoin hovered near the $80,000 mark, a level traders have treated as a key line in the sand for the asset's broader trend. Hammack's remarks reinforce a cautious tone from parts of the Federal Reserve even as markets have priced in expectations for monetary easing.
Source: TheCoinrise
