Powell Testimony: DXY breaks 105, BTC down to 22k as support, new peak rate of 5.60% in futures market

Quick Take

• Powell spoke earlier the legislature connected March 7
• Powell: New information suggests “the eventual level of rates is apt to beryllium higher than antecedently anticipated.”
• “If the totality of the information were to bespeak that faster tightening is warranted, we would beryllium prepared to summation the gait of complaint hikes.”
• DXY breaks 105, portion different large currencies interruption down, GBP hits a caller debased of 1.18

Currencies: (Source: Trading View)

The station Powell Testimony: DXY breaks 105, BTC down to 22k arsenic support, caller highest complaint of 5.60% successful futures market appeared archetypal connected CryptoSlate.