leehoo.eth
@leehoo
2024-6-13 BTC NEWS Last night was a tale of two markets from 8:30 PM to 2:00 AM and from 2:00 AM to now. 1. $BTC shot up with a huge green candle from 67,000 to 70,000 after the CPI data release, then plunged from nearly 70,000 to 65,000 after Powell started speaking. It was a rollercoaster ride.
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leehoo.eth
@leehoo
6. Federal Reserve Chairman: More confidence in controlling inflation is needed to ease policies, with no commitment to a specific rate-cut path. Powell: No one is considering rate hikes as the baseline expectation. Powell: There's no greater confidence in inflation control to warrant rate cuts.
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