Volatility spikes across the crypto market after the Fed raises interest rates by 75bps

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

United States News News

United States United States Latest News,United States United States Headlines

Bitcoin BTC Bitcoinprice Ethereum Volatility spikes across the crypto market after the Fed raises interest rates by 75bps

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

Overall, it appears that the rate hike announcement was largely priced in, with traders maintaining their current positions after the afternoon failed to produce any unexpected developments. Bulls still have work to do; however, as bears still remain in control of the price action according to Kitco senior technical analyst Jim Wyckoff.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines