Bitcoin Slips Below $28K After Fed’s Quarter-Point Rate Hike

March 23, 2023 at 10:22 AM

Bitcoin traded at $27,600, slipping below the $28,000 level as investors reacted to the Federal Reserve's interest rate hike of 0.25%. Sheraz Ahmed, Managing Partner at STORM Partners, shares his thought on BTC's recent price action and Fed Chair Powell's comments on the U.S. banking system being "sound and resilient."