Bitcoin shakes of Fed volatility as analysts remain split on return under $24K

Cointelegraph

Published May 18, 2022 04:24AM ET

Updated May 18, 2022 01:00PM ET

Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked volatility.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating within a range in place since May 12.

Target (NYSE:TGT) rate expectations for December 2022 FOMC meeting. Source: CME Group (NASDAQ:CME)

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