$BTCUSD Forex Signal: Pullback Likely as Recovery Finds Resistance Bitcoin
like Ethereum and Ripple have also risen.There are several reasons why the BTC/USD pair rose even after the hawkish Federal Reserve decision. First, the decision was already priced in by the market. In other words, everyone expected the bank to raise interest rates by 0.25% and express its hawkishness. This explains why other assets like stocks also rose after the decision while the US dollar retreated.
Perhaps the most severe sanctions have come from companies in the remittances industry like Western Union, MoneyGram, and Wise. All these companies have blocked all types of services to and from Russia. This means that people with friends abroad cannot send money to the country.
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