Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair’s Comments

Crypto Can’t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise

The largest cryptocurrency by market capitalization was recently trading at $19,600, down more than 2% over the previous 24 hours. Ether, the second largest crypto in market value was recently changing hands at roughly $1,430, down more than 4% as investors continued to chew over U.S. central bank Chair Jerome Powell’s vow to continue the monetary hawkishness the Fed adopted earlier this year.

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