the interest rates by another 75 basis points. As with previous examples, this hike, even though it was in line with all expectations, brought enhanced volatility for BTC.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The cryptocurrency first shot up to $20,800 before it plummeted by almost $1,000 to $20,000.
Its market capitalization stands close to $390 billion, while its dominance over the alts is at 38.6%.The altcoins went through similar rollercoasters, but most of the larger-cap ones have calmed now. Several are in the red now, including minor retracements from Ethereum, Ripple, Cardano, Solana, Shiba Inu, and Tron. Dogecoin has declined the most from the top 10 largest crypto assets, but it’s still the best performer on a weekly scale.
Similar gains are evident from Filecoin and Flow, both of which have skyrocketed by between 14% and 16%. As such, the cumulative market cap of all crypto assets has managed to remain above the coveted $1 trillion mark.
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The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise – Economics Bitcoin News“Recent indicators point to modest growth in spending and production,” the FOMC said when it hiked the interest rate by 75bps on Wednesday. BOOM! Another winning signal today from ChiefraFba satoshi jpow increasing the interest rate and more people will not spend money. Which will hurt the economy even more. People need to spend money and more of it to get out of the recession...or can Hodl their earnings in crypto too
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Market Wrap: Bitcoin Little Affected by Fed Interest Rate Hike$BTC and other cryptos did not react much following the U.S. central bank’s latest interest rate increase. JPRubin23, GWilliamsJr_CMT and _jocelynyang_ report JPRubin23 GWilliamsJr_CMT _jocelynyang_ Good! Maybe because people are realizing the redundancy of investing into crypto currency based on the volatile behavior of the FED. JPRubin23 GWilliamsJr_CMT _jocelynyang_ bottom is in JPRubin23 GWilliamsJr_CMT _jocelynyang_ ℹ️BIFROST Dev Update: We recently concluded week 1 of the BIT that brought the BIFROST community closer together. Thank you for participating and making BIT successful so far More Information is below,
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Bitcoin outperforms U.S. stocks after Fed meetingBitcoin outperformed major stock indexes on Wednesday, though both assets slid after the Federal Reserve raised its benchmark interest rate by 0.75... Oh my God stop it
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