Bitcoin Loses Bullish Trendline as Fed Sees Restrictive Rates Needed for Some Time – CoinDesk

Bitcoin Loses Bullish Trendline as Fed Sees Restrictive Rates Needed for Some Time – CoinDesk

“The liquidity contraction is still underway. The Fed’s remarks in the minutes of its July meeting indicated that the liquidity contraction may end in 2023, but the timing of the re-addition of liquidity is unknown,” Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said.


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