Fed Chair Powell Leaves Door to Further Rate Hikes Open – Here is How Crypto Markets Reacted

Speaking at an annual conference of central bankers at Jackson Hole, the Chairman of the US Federal Reserve Jerome Powell left the door open to the possibility of further interest rate hikes in the US, triggering some short-lived sell pressure in the crypto market. Bitcoin (BTC) fell to new daily lows in the $25,800s from earlier session highs at $26,200 in response to Powell’s remarks, though was last trading closer to $26,000, with losses in the last 24 hours at a modest 0.5%.... Read More: Fed Chair Powell Leaves Door to Further Rate Hikes Open – Here is How Crypto Markets Reacted