Bitcoin Price Prediction as Fed Chair Powell Warns of Higher Than Expected Interest Rates – Will Crypto Prices Crash?

cryptonews.com:

In the world of cryptocurrency, Bitcoin remains one of the most popular and widely traded assets. Recently, as the Chairman of the US Federal Reserve, Jerome Powell, warned of higher-than-expected interest rates, many investors question whether this will lead to a crash in crypto prices. 

In this update, we will take a closer look at the current state of the cryptocurrency market, analyze recent trends in Bitcoin prices, and predict what the future holds for the world's most well-known digital asset.

Bitcoin Failed To Stop Its Losses & Remain in the Red Amid Powell's Hawkish Stance & Uncertainties Surrounding Silvergate Bank

Bitcoin (BTC), the world's largest cryptocurrency, has been unable to gain any positive traction and continues to flash red within the $22,000 range. The declines can be attributed to comments made by US Federal Reserve Chair Jerome Powell regarding interest rate hikes. 

It is important to note that the cryptocurrency market has experienced a decline following Powell's comments and the uncertainty surrounding Silvergate Bank. 

This has led to a sense of uncertainty among traders and investors who are now trying to understand the potential impact of Powell's comments on the market.

Apart from Powell's comments, the uncertainty surrounding Silvergate Bank has also played a role in the decline of the cryptocurrency market. 

The tension surrounding the bank has heightened the sense of uncertainty among investors, leading to a drop in cryptocurrency prices. 

This has impacted other well-known cryptocurrencies, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL), which have also experienced losses on the day. 

Federal Reserve Chairman Jerome Powell concluded his second and final day of