BTCUSD

Typically moving in correlation with Nasdaq and serving as a barometer for global risk appetite, Bitcoin was negatively affected by the risk-off mode following Powell's statements. For the leading cryptocurrency, which is being pressured below the pivot level of 115679.33, the supports at 115240.65 and 114660.83 have become potential targets. A renewed rise in the market may only be possible if there is a strong signal that macroeconomic data will soften the FED's stance.