‘Bullish rate hike’ — Why crypto spiked today in the face of bad news
The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote
Bitcoin Magazine Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote The Federal Reserve left its benchmark...
Fed holds interest rates steady at 3.75% to 4% as Bitcoin approaches $81K
Fed holds interest rates at 3.75% to 4% in a 10 to 2 vote as Bitcoin approaches $81,000 and policymakers warn inflation remains el...
Bitcoin Price Today: BTC Outperforms S&P 500 Above $80K as Fed Interest Rate Decision Looms
Bitcoin was hovering near $81,412 in the latest TradingView readings provided for October 28, keeping the $80,000 level in focus a...
Bitcoin Price Bounces as Nasdaq Soars, KOSPI Rebounds, and FOMC Hike Fears Persist
Bitcoin price is recovering toward $81,000, gaining nearly 2% as buyers return ahead of the Federal Reserve’s FOMC policy decision...
Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks
Bitcoin Magazine Strategy (MSTR) Shareholders Approve Daily Dividends on Four Preferred Stocks Strategy shareholders have approved...
Ripple’s RLUSD Wins Moody’s Rating as XRP Faces a Bigger Question: Who Captures the Value?
Ripple’s RLUSD just secured a major institutional credibility boost, earning Moody’s A2 long-term deposit rating and its highest P...