Here is why Bitcoin price gave back all its intraday gains


$ 96,262.9
€ 85,253.5
¥ 38,800.0
£ 72,550.6
BTC
-0.73 %
$ 1,830.28
€ 1,621.01
¥ 737.80
£ 1,379.66
ETH
-0.56 %
$ 285.81
€ 253.50
¥ 115.30
£ 215.69
XMR
1.91 %
$ 86.83
€ 76.88
¥ 34.97
£ 65.44
LTC
-0.83 %

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.