Published 2 years ago

Bitcoin Tumbles As Fed Opts For Restrictive Rates

Summary by Ground News

BTC plunged shortly after the Federal Reserves July meeting. However, from the minutes released on Wednesday, August 17, policymakers had discussed more interest rate hikes to fight inflation. The move acts against the current market pricing and anticipation for more cuts in the interest rates in 2023. The crypto market has become more vulnerable to the possibility of a further increase in rates.

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Bitcoin Tumbles As Fed Opts For Restrictive Rates

The price trend for Bitcoin seems to be moving with the set rates of the US Federal Reserve. BTC plunged shortly after the Federal Reserve’s July meeting.

2 years ago

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Bitcoin Tumbles As Fed Opts For Restrictive Rates

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Bitcoin Tumbles As Fed Opts For Restrictive Rates

Bitcoin Tumbles As Fed Opts For Restrictive Rates

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