Bitcoin and Gold: The Big Winners After the Fed Rate Hike

Stronger expectations of a Fed rate hike pause saw Bitcoin (BTC) price break out of a narrow $28,000 range, while spot gold notched a new all-time high of $2,079.52 per ounce. Bitcoin rose to $29,241 in early New York trading on Thursday as the Federal Reserve (Fed) announced a 25 basis point rate hike amid sentiments it could soon change its interest rate policy. Ethereum (ETH), Cardano (ADA), and Solana (SOL) also racked up gains. Gold Beats Previous Record, and BTC Increased After Fed Hike The Fed chairman, Jerome Powell, hinted that a pause could follow as the current rate