further monetary tightening on Wednesday, falling to as low as $20,270 in the minutes after the Fed's statement. But roughly an hour after the announcement, the cryptocurrency was changing hands at $21,444.
Fed Chairman Jerome Powell said that members of the Federal Open Markets Committee said the inflation surprise on the upside warranted “strong action at this meeting” rather than waiting another six weeks for the FOMC's next gathering. The rate hike is the Fed's highest since 1994 and underscores the inflationary pressure on the U.S. economy..
Bitcoin fell over 5% following the decision but rebounded during Powell’s press conference, where he said that the Fed would boost rates by a half point or three-quarters of a point at each of its next two meetings.
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federalreserve HeleneBraunn This is great news. I think bitcoin will stay in this range
federalreserve HeleneBraunn With XEP🧿 gaining a huge recognition worldwide now, I'm sure this coin will now be less than 150x its current value. ElectraProtocol
federalreserve HeleneBraunn If you buy btc here they will fuck u so wait for 14k.
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