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Coin Edition
2023-03-08 11:39:13

Fed Chairman’s Testimony Sparks Crypto Sell-Off, BTC Falls to $22K

Fed Chairman’s Testimony Sparks Crypto Sell-Off, BTC Falls to $22K

The cryptocurrency data tracking platform, Coinmarketcap, revealed that Bitcoin (BTC) plummeted to a three-week low on Wednesday, reaching $22,030. The gravitating reports allegedly followed Federal Reserve Chairman Jerome Powell’s hawkish testimony to Congress on Tuesday. The leading cryptocurrency by market value faced a sell-off as traders priced in a higher “terminal rate” amid concerns that The post Fed Chairman’s Testimony Sparks Crypto Sell-Off, BTC Falls to $22K appeared first on Coin Edition .

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