Bitcoin Price Prediction: $75K Support Holds as Volume Rises

Market Seems to be Looking Beyond Interest Rates

On Wednesday, the new Chairman of the Fed, Kevin Warsh, confirmed what the market already expected — the central bank is fully committed to curb inflation by all means necessary.

The White House’s pressure did little to persuade Fed Governors, while analysts now envision a second rate hike before the end of the year as part of an aggressive strategy to mitigate the negative impact of President Trump’s hostile trade policies and military actions in the Middle East.