Despite the fact that most market participants interpreted the latest Fed policy announcement as more dovish than expected, hence the drop in the US dollar and US yields, Bitcoin markets saw a "sell the fact" reaction, with the BTC price pulling back sharply and long liquidations spiking. BTC/USD was last changing hands in the mid-$27,000s, having at one point been as low as the $26,600s, down around 2.2% over the last 24 hours as per CoinGecko....
Long Liquidations Spike Bitcoin Suffers "Sell the Fact" Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce
Crypto News - 22 Mar 2023 23:47
Despite the fact that most market participants interpreted the latest Fed policy announcement as more dovish than expected, hence the drop in the US dollar and US yields, Bitcoin markets saw a "sell the fact" reaction, with the BTC price pulling back sharply and long liquidations spiking. BTC/USD was last changing hands in the mid-$27,000s, having at one point been as low as the $26,600s, down around 2.2% over the last 24 hours as per CoinGecko....
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