Bitcoin Stays Below $25,000 as US Economic Policy Changes Cause Three-Month Lows

06/15 07:30

Bitcoin remained below $25,000 on June 15 after a reaction to changes in US economic policy led to three-month lows. The US Federal Reserve paused interest rate hikes, but Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to control inflation. Markets placed more than a 70% chance of a hike at the next Federal Open Market Committee meeting in July. Keith Alan, co-founder of monitoring resource Material Indicators, described Powell as "all bark, no bite".

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