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Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say

Altszn.com by Altszn.com
May 3, 2023
in Bitcoin
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Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say
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“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency,” Dick Lo, the founder and CEO of quant-driven crypto trading firm TDX Strategies, told CoinDesk.



Read More: www.coindesk.com

Tags: BitcoinBTCchairCryptoFedObserversPowellRallySignalstallTightening
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