Bitcoin price edges higher as Fed inflation meeting sends DXY to 2-month high

Bitcoin price edges higher as Fed inflation meeting sends DXY to 2-month high

The U.S. dollar appeared to benefit from fresh comments by Jerome Powell, while Bitcoin remains frustrated. Bitcoin (BTC) stayed below $40,000 on June 17 as a surging U.S. dollar added to downward BTC price pressure.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC/USD bounces at $38,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at around $39,300 on Thursday.The largest cryptocurrency fell during a meeting of the Federal Reserve the day before in which Chair Jerome Powell acknowledged inflation could run higher than planned in the short term. As....


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