Bitcoin (BTC) To Slide Below $20K Amid Strong Economic Data?

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In addition to strong economic data on various fronts, US Federal Reserve chair Jerome Powell earlier warned that the central bank could raise interest rates on a higher than expected range.

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In a latest, US President Joe Biden’s 2024 budget proposal led to fall in stock prices while also bringing down Bitcoin price.

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Powell’s recent warning triggered a shift in market expectation ahead of the Federal Open Market Committee (FOMC) meeting between March 21, and 22, 2023.

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