The 75 basis point rate hike helps the Fed 'regain credibility in the market,' Globalblocknews's MarcusSotiriou says. But the increase in fund rates might not slow down inflation just yet. Watch his analysis:
GlobalBlock Market Analyst Marcus Sotiriou discusses the possible macroeconomic factors impacting the crypto markets as the Fed raised interest rates by 75
basis points and BTC hovers around $21,000. Plus, Sotiriou explains what could’ve led Celsius to halt withdrawals for users, describing it as “human error in crypto.”
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Market Wrap: BTC Tumbles Further Ahead of Fed Meeting; Extreme Fear Among TradersMARKET WRAP: Bitcoin (BTC) dropped another 5% on Tuesday as fearful traders await a decision by the U.S. Federal Reserve that will likely hike interest rates by 75 basis points. HeleneBraunn reports
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Fed Raises Rates by 75 Basis Points in Largest Hike Since 1994 in Effort to Crush InflationThe Federal Reserve raised its benchmark interest rate by 75 basis points to 1.50-1.75%, the third hike in the ongoing tightening cycle aimed at cooling rising inflationary pressures.
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BTC/USD Forex Signal: Bitcoin Could Soon Move Below $20,000The BTC/USD pair remained under pressure as investors waited for the upcoming interest rate decision by the Federal Reserve.
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Bitcoin (BTC) Dormancy Flow Indicator at Lowest Since 2010: Why Is This Crucial for Crypto?Based on Glassnode data about Bitcoin (BTC) wallet activity, an on-chain analyst demonstrates one metric that inches closer to 12-year low
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Technical Analysis: BTC, ETH, NEAR, SOL, ADA and FTM (June - W2) | CoinMarketCapThis week, the market broke down from its range. Is this a trap or an indication of a long crypto winter? 😨 Let's find out! 👇 Author: youngcryptowolf Editor: YousraAASheikh
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Crypto Market Sheds $80B in Hours: BTC Struggles at $20K, ETH Amid $1K (Market Watch)The crypto markets have seen another $80 billion gone as BTC fights to stay above $20,000 and ETH is at just over $1,000.
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