Bitcoin Hovers Around $20,000 as Hawkish Fed Weighs on Crypto

Bitcoin traded in a tight range around $20,000 with investors being more cautious

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after Jerome Powell said the Federal Reserve would continue raising rates.

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After Jerome Powell repeated the Federal Reserve’s commitment to keep raising rates

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Bitcoin traded in a narrow band around $20K. Investors are now less willing for big risks after their words

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raised doubts about future economic policies The Bitcoin market has been fluctuating due recent events that have taken place

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with both good and bad news coming out of America's premier bank The Fed Chairman

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who made these statements is known as JEREMY POWELL so let us see what happens when we put him under pressure

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Bitcoin has fallen some 17% since Aug. 15, but it isn't all bad news for cryptocurrency enthusiasts

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The $20k level acted as support when Bitcoin hit lows in recent months and even crossed above 2500 earlier this year

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before Saturday's rate hike fears intensified causing prices to drop again on Monday morning

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