Bitcoin Dips Below $32K as Fed Rate-Hike Bets Rise, Gold Remains Resilient
"It's hard to read too much into the price action currently while we're still stuck in this range," one observer said.
Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.
Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.
The report will address cryptocurrencies, stablecoins and CBDCs.