Fed Rate Hike Lands at 4%—What It Means for Bitcoin and Crypto
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5 Articles
Key points of the news: Bitcoin quoted about $75,800 before the Fed's decision after falling almost 3%, while the market almost completely discounted a 25-point rise. Robin Brooks warned that Warsh might have difficulty meeting the expectations of hardening, and a more moderate tone could weaken the market. He was a ... Read more
In a few hours, the bitcoin erased the rebound that had brought it up to $79579. The BTC fell below $75,000, to $74984, its lowest level since August 21. This break occurred within 24 hours of a major decision of the U.S. Federal Reserve, while an increase in rates of 25 basis points is anticipated. With the support of the $77,000 now broken and the feeling of a market in sharp decline, investors approach the Fed's verdict in a deeply redesigned…
Cryptocurrencies operated at a decrease of 3.76%, to US$ 76.124.73, while Ethereum retreated 5.06%, to US$ 2.408.62, according to the Binance platform
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