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The Daily Hodl
2023-03-07 17:29:25

Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected

Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected

Comments from U.S. Federal Reserve Chairman Jerome Powell sent global markets and Bitcoin into a free fall on Tuesday. But so far, BTC has bounced back. In a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing, Powell said recent stats on inflation suggest the Fed may ultimately have to raise interest rates higher than The post Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected appeared first on The Daily Hodl .

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