Fed preview: Bitcoin market plunges after analysts predict ‘hawkish rate-hike pause’

“The consensus is for a hawkish skip, so the bar may be high enough for Jerome Powell to exit the market,” Brickell told CoinDesk. From a communication perspective, I think it’s hard to sound too loud when you’re taking a pause, so my bias would be that it’s interpreted as more dovish than expected (yield), I think Yes, low drift and BTC rallies, but I’m not expecting any big moves from it.”