told<\/a>\u00a0the Wall Street Journal that \u201cwe\u2019re going to need to have a restrictive policy for some time.\u201d<\/p>\n\u201cI do think with demand far exceeding supply, we do need to get real interest rates \u2026 above zero,\u201d he said. \u201cWe need to have a somewhat restrictive policy to slow demand, and we\u2019re not there yet.\u201d\u00a0<\/p>\n
Edward Moya<\/strong>, a senior market analyst at OANDA, said that risk aversion is \u201cfirmly back\u201d and has sent the apex coin below the $20,000 mark.\u00a0<\/p>\n\u201cIf the broad selloff on Wall Street intensifies, Bitcoin is looking very vulnerable here. If the S&P declines by 3% over the next few days, that could be the catalyst to send Bitcoin back towards the June lows,\u201d said Moya in a note, seen by Benzinga.<\/p>\n
The dollar index, a measure of the greenback\u2019s strength against six of its peers, saw a pullback on Tuesday. At press time, it was down 0.1% at 108.65.<\/p>\n
Justin Bennett\u00a0<\/strong>said that the dollar index was holding below the 109.30 resistance but consolidation below this is \u201cusually a sign of bullish things to come.\u201d<\/p>\n