Is Bitcoin back? BTC passes $29,000 as gold sets a new all-time high.
sunk to daily lows
at the previous day’s Wall Street open as markets awaited the Federal Reserve’s decision on interest rates. At the same time, more U.S. regional bank stocks were suffering, with the trend remaining as the Fed confirmed its much-anticipated 0.25% hike., pressuring the regional bank sector even further while boosting havens, including Bitcoin.
Gold even hit new all-time highs as market commentators criticized the Fed’s approach and predicted the end of rate hikes altogether.“The biggest joke is the fact that Jerome Powell says that the banking system has improved and is healthy, sound and resilient.
“Conditions in that sector have broadly improved since early March, and the U.S banking system is sound and resilient,” he said in a“We will continue to monitor conditions in this sector. We are committed to learning the right lessons from this episode and will work to prevent events like these from happening again.”
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