June 28 (Cointime) - On June 28, Bitcoin experienced another test of its $30,000 support level as the US Federal Reserve remained hawkish on inflation. Fed Chair Jerome Powell reiterated the consensus for further interest rate hikes this year during a discussion with other central bank heads.

Despite news that MicroStrategy had purchased over 12,000 BTC for its corporate treasury, the market remained hesitant and chose to wait and see. Bitcoin retraced the prior day's gains and remained in a narrow range at the Wall Street open.