Fed Chair Jerome Powell emphasized the importance of monetary policy tightening, while Bitcoin’s price remained stable at $30,000. Powell mentioned that there was support for two more rate hikes in the future. However, market participants chose to adopt a wait-and-see approach. The news of MicroStrategy purchasing 12,000 BTC for its treasury did not significantly impact the market. It was also noted that MicroStrategy owns ten times more BTC than the next largest treasury, belonging to Voyager Digital. This article does not provide investment advice and suggests readers conduct their own research.
AI Sentiment: Neutral
