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Bitcoin rise stalled by dollar rebound
It was not just the US dollar and stock markets were impacted by that one Jerome Powell comment yesterday evening, because Bitcoin felt the heat of that remark too. Prior to that, BTC had been on the rise again and looked like it might take out 44k this time. BTC was rising above 43,500 after the Fed policy decision. Well, the jump back in the dollar and falling stock markets ensured that did not happen and pushed BTC back below 42k earlier today. The low seen earlier was set at 41,860. It is trying to base out down there now, but it remains to be seen if that low will cap the downside today. The earlier session high was set at 42,666. Bitcoin is currently trading at 42,145
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