Bitcoin declined well below $20,000 as investors continued to reflect over Fed Chair Jerome Powell's hawkish comments Friday. JPRubin23 reports
Bitcoin Falls Below $20KAfter clinging tenaciously to support above $20,000 for much of the weekend, bitcoin fell well below this threshold late Sunday.
That news disappointed some investors hoping for signs of Fed confidence that its steps the last few months were taming inflation and that it might back away from its recent diet of 75-basis point interest rate hikes. Most other major cryptos were recently in the red with AVAX and ATOM down more than 9% and 6%, respectively. XMR rose about a percentage point.
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