Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Comme | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
It was a day of positive divergence for crypto bulls as stocks tumbled late in the U.S. trading session while bitcoin (BTC) managed to erase most of the week's losses. In late afternoon action, the S&P 500 and Nasdaq were each lower by nearly 1% – not a huge loss, but about a 2% reversal off of earlier session highs. Behind the moves lower were hawkish comments from Minneapolis Fed President Neel Kashkari.
