Hawkish Fed comments push Bitcoin price and stocks lower again
Cointelegraph
Published Jun 18, 2021 07:45PM ET
Updated Jun 19, 2021 09:40PM ET
Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to happen in late 2022.
Bullard's comments were even more hawkish than Wednesday’s comments from Fed Chair Jerome Powell, who indicated that the rate hikes would come in 2023. Powell's comments triggered a sell-off across financial markets as the U.S. dollar gained strength.
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Written By: Cointelegraph
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