Bitcoin has resisted a fall below $20,000 — despite the Federal Reserve warning that interest rates may need to go higher than previously thought.
Investor sentiment soured on Wall Street after he warned at a news conference that further action will be required to tackle stubborn inflation. Powell said: The latest hike means that the Fed's base rate now stands at 3.75% to 4% — a level that hasn't been seen in Bitcoin's 14-year existence. One remark that particularly caused alarm bells was this: The Fed would rather go too far on interest rate hikes than do too little.While inflation was once regarded as a temporary phenomenon, central banks around the world are now having to contend with the fact that the cost-of-living crisis may be much harder to solve.
BTC Bullish 🔥🔥🔥🚀🚀🚀💞💞💞
I like what Trajan (Invincible Robots) said in our podcast. BTC isn't reacting like that to fed hikes because the market has already reacted to the news. They announce their intentions well ahead of time and there's been no reason to not assume more hikes are down the line.
BITGERT $BITGERT ❤️🔥 ProtocolRice bitgertbrise
LUNC
Yes 🥺😱
Thankss a millon
Amazing! I have recently started using ChiefraFba for signals, his accuracy is INSANE!