Fed Raises Interest Rate by 50 Basis Points, Can Bitcoin Keep Bullish?

in #crypto3 years ago

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The Federal Reserve announced the biggest rate hike in 22 years — half a percentage point rise in benchmark interest rate, reaching 0.75% to 1%. U.S. stocks closed up green and Bitcoin rose to $40,000 after the announcement, but the cryptocurrency market sentiment ended up quite “rational” — no surge in buying was seen. Is Bitcoin still bullish?

Read more:
https://medium.com/coinlucky/fed-raises-interest-rate-by-50-basis-points-can-bitcoin-keep-bullish-bf8e83f078d2

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