Bitcoin responded with growth to the Fed’s rate hike
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On Wednesday, February 1, the US Federal Reserve System (FRS) raised key rate range by 25 basis points, up to 4.5% -4.75% per annum. This is the eighth consecutive increase in the base rate, which is now at the highest level since 2007. However, such a “soft” increase in the indicator was the first since March 2022, when the Fed began to tighten monetary policy. Dynamics of the FRS key rate. Data: macrotrends. The Fed noted that the latest figures received by the regulator “indicate moderate growth in spending and production.” According to the agency, the number of jobs increased
Former BitMEX CEO Arthur Hayes, who attracted attention with his analyses of Bitcoin (BTC) and the cryptocurrency market, explained his bullish predictions about Ethereum and some altcoins in his latest statements. Hayes, who based his bullish forecasts on the FED’s interest rate cuts, said he expects a new ETH bull…
Bitcoin (BTC) held onto fresh upside on Tuesday after a resurgent stock market took the largest cryptocurrency above $37,500. BTC/USD 1-hour candle chart (Bitstamp). Source: CoinPrice.Watch. Fed may... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…