, the crypto market move has contributed to $44 million in liquidations within the past 24 hours, most of which came from Bitcoin trades.Going into the meeting, the market priced in a roughly 80% chance of a 50 basis point rise, with a 20% likelihood of a fifth 75-point rise, according to the CME’s. With the prior ringing true, the central bank’s target rate lies between 4.25% and 4.5%.
The Fed has raised rates throughout 2022 in an effort to combat record-high CPI inflation. With November’s inflation numbers showing signs that their efforts are working, market participants expect the hikes to slow heading into 2023.
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Source: TheBlock__ - 🏆 464. / 53 Read more »
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Bitcoin trades around $18,000, US dollar sinks as all eyes are on the FedCrypto markets swelled ahead of the Fed's final interest rate decision of the year — a 50 basis point hike is expected. is this news from 2017? BTC has shown a bullish tendency these past few days. Reaching its Month-time-high above $18K. Has it established its new bottom? Why not talk about your corrupt media outlet instead?
Source: TheBlock__ - 🏆 464. / 53 Read more »