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Bitcoin extending its drop below US$20K

Eamonn Sheridan
28/08/2022 | 23:58 GMT

The slump in Bitcoin is being cited on Fed Chair Powell's speech on Friday flagging 'foreceful' action on inflation and rates.

  • Forexlive Americas FX news wrap: 'Forceful' message from Powell sends dollar soaring

Its sent the USD aggressively higher, BTC taking a hit. Its not alone.

btc 29 August 2022 fed

I also heard some chatter about institutional supply coming back into the market but its unsubstantiated.

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