Here is why Bitcoin price gave back all its intraday gains


$ 104,022.4
€ 92,377.4
¥ 38,800.0
£ 78,179.8
BTC
0.48 %
$ 2,479.73
€ 2,202.37
¥ 924.55
£ 1,861.71
ETH
1.78 %
$ 328.40
€ 291.68
¥ 122.57
£ 246.93
XMR
-1.14 %
$ 99.28
€ 88.11
¥ 36.99
£ 74.53
LTC
-2.89 %

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.