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Bitcoin Price Fades as Powell Says the Fed Will Consider More Aggressive Rate Hikes

Mar 21, 2022

Bitcoin’s price dips as Federal Reserve Chair Jerome Powell says there could be more aggressive interest-rate increases to reduce inflation.

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    Christine Lee
    Christine Lee
    Christine Lee is an anchor and producer at CoinDesk. Previously, she anchored live daily market updates and reported business news features for television stations around the world at Thomson Reuters. She first began covering cryptocurrencies at Bloomberg TV Canada.
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    | XBX

    Bitcoin Price Index XBX

    The CoinDesk Bitcoin Price Index (XBX) is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk.

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    CoinDesk Indices

    Logo of BTC
    BTC
    Bitcoin
    $56,875.56
    3.40%
    Logo of ETH
    ETH
    Ethereum
    $2,344.84
    1.74%
    Logo of BNB
    BNB
    Binance Coin
    $516.48
    1.66%
    Logo of SOL
    SOL
    Solana
    $133.29
    2.58%
    Logo of XRP
    XRP
    XRP
    $0.53484602
    1.09%
    Logo of DOGE
    DOGE
    Dogecoin
    $0.10285018
    6.66%
    Logo of TRX
    TRX
    Tron
    $0.15396935
    0.24%
    Logo of TON
    TON
    Toncoin
    $5.20
    6.11%
    Logo of ADA
    ADA
    Cardano
    $0.33982815
    -2.09%
    Logo of AVAX
    AVAX
    Avalanche
    $23.72
    1.56%

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