Bitcoin (BTC) registered a1.11% hourly drawdown after the Federal Reserve kept its target range at 4.25%–4.50%. This is the largest correction recorded during a single hour of trading since July 14, when BTC retraced 1.14%. The drop happened in tandem with Fed Chairman Jerome Powell’sspeech following the latest FOMC meeting.

Bitcoin (BTC) registered a1.11% hourly drawdown after the Federal Reserve kept its target range at 4.25%–4.50%. This is the largest correction recorded during a single hour of trading since July 14, when BTC retraced 1.14%. The drop happened in tandem with Fed Chairman Jerome Powell’sspeech following the latest FOMC meeting.

Source: https://cryptoslate.com/bitcoin-whipsaws-below-116k-amid-largest-hourly-correction-in-two-weeks-risks-of-further-pullback-to-114k/