Bitcoin News: Whales And Miners Offload Huge BTC Ahead Of Fed Chair Powell Speech

Bitcoin price failed to hold momentum towards $30,000 after the US Federal Reserve hiked rates by 25 bps, other central banks followed suit and raised interest rates. On-chain data shows whales and miners are selling their BTC holdings as BTC price fell below the key 200-WMA level and remains range bound in 26,500-27,500.