Bitcoin and Gold: The Big Winners After the Fed Rate Hike
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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
Bitcoin has shot up beyond the $40,000 mark once again. This goes against what everyone has been saying for several weeks – that another rate hike instituted by the Fed will cause the world’s number... [[ This is a content summary only. Visit my website for full links, other content,…
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…
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:…