The Fed's speech cools the markets that were in the green until now. Bitcoin had reached $18,000 after a long time, but the intention to maintain the interest rate increases that have been announced has made the markets relax euphoria. Right now Bitcoin is back at $17,600 and Ethereum is already down from $1,300. Bitcoin reached $18,000 for the first time since the fall of FTX, which for me is a clear sign that if it were not for the Celsius, 3AC, and FTX ... we would be seeing Bitcoin well above these prices. Equity markets have been in the green up to that point as well, turning around to end the day with a loss.
Just a few simple words: "The committee anticipates that continued increases in the target range will be appropriate to achieve a monetary policy stance tight enough to return inflation to 2% over time."
Enough to move the market even knowing that all this talk would ultimately lead to the search for 4%. There's no way to keep up without doing more damage to the economy and Jerome Powell knows that better than you and me.
Cryptoword
Honeygain
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