MultiversX Tracker is Live!

Bitcoin's reaction to the Fed's rate hike

Bitcoin Reddit

More / Bitcoin Reddit 82 Views

Bitcoin reacted weakly to the Fed's rate hike, and even grew slightly after Powell's speech. Although the speech itself can be called a bit harsh - the Fed is ready to further tighten the monetary policy and has no plans to lower the rate. Perhaps, it will lower it next year. And inflation will fall to the target 2% only by 2025.

Nevertheless, altcoins, along with bitcoin, are in the green zone. There are practically no falling assets among the top 100 by capitalization.

submitted by /u/MarsDao_blog
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments