Bitcoin dipped below $18,000 Wednesday after the Federal Reserve delivered a widely expected rate increase and signaled more hikes were on the way.
The terminal rate, which is the peak... Bitcoin dipped below $18,000 Wednesday after the Federal Reserve delivered a widely expected rate increase and signaled more hikes were on the way. The terminal rate, which is the peak spot where the federal-funds rate is expected to peak, is seen above 5% next year, according to the so-called dot-plot forecast that tracks expectations for the rate path from individual policy makers.
Interesting how the change in Bitcoin price is now becoming the main signal to measure rate-changes against. Gradually it will become the only measure.
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