Expert is optimistic on crypto after the Fed rate hike, markets turn green
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The U.S. Federal Reserve (Fed) chair Jerome Powell announced yet another rate hike to bring inflation down to the 2% mark. This is the eighth consecutive time in less than a year that the Fed has increased the interest rates. The Federal Open Market Committee (FOMC) has raised interest rates by 25 basis points (bps), or a quarter of a percentage point, for the first time in 2023. According to Powell’s speech, the main goal of the rate hike is to tame inflation, currently sitting at 6.5%, while preventing a recession in the U.S. “Restoring price stability will likely require
Bitcoin and most of the top cryptocurrencies by market capitalization landed in the green on Thursday after the U.S. Federal Reserve raised interest rates on Wednesday. See related article: Is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month,... [[ This is a content summary only. Visit my website for full links, other content,…