Thursday 27 July 2023

Bitcoin's reaction to the Fed's rate hike


Bitcoin reacted weakly to the Fed's rate hike, and even grew slightly after Powell's speech. Although the speech itself can be called a bit harsh - the Fed is ready to further tighten the monetary policy and has no plans to lower the rate. Perhaps, it will lower it next year. And inflation will fall to the target 2% only by 2025.Nevertheless, altcoins, along with bitcoin, are in the green zone. There are practically no falling assets among the top 100 by capitalization. via /r/Bitcoin https://bit.ly/43IrRZp

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