Is the price of bitcoin low? – The Bitcoin Journal

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Maximum Pain: Still Ahead

The word of the day is pain. That was Federal Reserve Chairman Jerome Powell’s favorite issue at a Federal Open Market Committee meeting in September. One simple economic release and subsequent press conference sent the market into a period of mild panic, with prices rising, volatility heating up and stocks selling off in bitcoin’s wake. The S&P 500 lost critical support at 3,850, sent bitcoin back to local lows of $18,100, and 2-year Treasuries crossed 4.1%.

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