The post Bitcoin’s Reaction to Fed Rate Changes: Key Insights for Traders appeared first on Coinpedia Fintech News
After the recent Federal Open Market Committee meeting, the US Federal Reserve, yesterday, announced its plan to keep its federal funds rate unchanged at 4.25%-4.5%. Every FOMC meeting influences Bitcoin prices, sometimes causing major swings. In the last 24 hours, the price of BTC has seen a rise of 3.1%. This report looks at past rate hikes, how Bitcoin reacted and what traders can expect going forward. Ready? Dive in!
How the Fed’s Rate Hike Shook Bitcoin: An Overview
In April 2022, the Fed funds interest rate was as low as 0.5%. It was in May 2022 that the US Fed decided to revisit its interest rate policy. The primary reason was that the inflation rate had reached as high as 8.6% in May 2022. In June, the inflation rate touched a peak of 9.1% – the highest in a decade.
Between May 2022 and July 2023, the US Fed consistently pushed the interes
We współpracy z: https://coinpedia.org/news/bitcoins-reaction-to-fed-rate-changes-key-insights-for-traders/
