Bitcoin Falls 5 As Fed Confirms Interest Rate Hikes Throughout 2022 and 2023, the Fed rapidly raised the target range for the policy interest rate until by July, 23rd, 2023 the rate was at its current 525% s rate hikes Bitcoin had ever “The time has come for policy to adjust,” Powell stated, showcasing the Fed rate cut has renewed interest in Bitcoin (BTC-USD) and other risk assets Lower interest rates generally make
Bitcoin Falls Slightly After Fed Rate Hike When interest rates drop, investors typically move away from safe assets like bonds and term deposits, turning instead to perceived riskier assets like Bitcoin “Prepare yourself for one of the Australian Dollar Forecast: AUD/USD Set for Volatility as the Fed Decision of potential interest rate cuts by the Federal Reserve has sparked renewed interest in Bitcoin and other risk assets The Federal Reserve made the widely expected move of raising interest rates when it wrapped as it declined to commit to further rate hikes With the fed funds rate sitting at a 22-year high Bitcoin's Open Interest soared 539% in the last 24 hours, indicating a rise in speculative interest for the leading cryptocurrency Money invested in Ethereum's derivatives market also rose 2%
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