Here is why Bitcoin price gave back all its intraday gains


$ 94,334.7
€ 83,065.5
¥ 38,800.0
£ 70,860.7
BTC
0.70 %
$ 1,807.97
€ 1,591.67
¥ 743.76
£ 1,358.00
ETH
2.02 %
$ 228.40
€ 201.11
¥ 94.17
£ 171.56
XMR
0.05 %
$ 86.98
€ 76.57
¥ 35.78
£ 65.32
LTC
2.60 %

BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike.