Bitcoin price rises to $20.7K as Fed's Powell says more rate hikes 'appropriate'
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Bitcoin (BTC) checked losses while U.S. equities drifted down on June 22 as the Federal Reserve kept quiet on monetary policy. The pair had wicked below the $20,000 mark overnight before recovering, still down from the previous day's $21,700 highs. Both the S&P 500 and Nasdaq Composite Index opened slightly down after brisk progress on the day prior, providing similarly non-volatile conditions for crypto markets. The consensus among analysts still continues to point to further retests of lower levels, with $16,000 particularly popular in the case of Bitcoin. Source