Tag Archives: rate hikes

Bitcoin incurred a bit of a fall at the end of January after it was revealed that the Federal Reserve was going to potentially enforce another small rate hike. Everyone was on edge after the ongoing debacle that was 2022, and it was believed that the digital currency arena was going to be hit hard by the Fed’s actions, thus causing more turmoil. The Federal Reserve May Hike Rates Again At the time, bitcoin fell from about $23,000 – which it had struck just weeks before –...

Late July saw bitcoin rise above the $23,000 mark for the first time in over a week. The world’s number one digital currency saw itself spike after the Fed decided to push rates another 75 points. Bitcoin Spikes Following Rate Hikes The behavior is just more proof that bitcoin is very unpredictable, as up to this point, ongoing rate hikes have often been the leading culprit behind the bitcoin dips we’ve been witnessing in recent weeks. Bitcoin has been on something of a...

Leave it to the Fed to say something stupid that ultimately brings down the prices of bitcoin and many of its altcoin cousins. The world’s number one digital currency is now trading for just over $40K at the time of writing after Jerome Powell of the Federal Reserve commented that the agency is looking to hike rates again next month as a way of combating inflation. The Fed Will Hike Rates Again In addition to bitcoin, assets like Ethereum fell by more than five percent,...

Bitcoin has been incurring heavy dips as of late. Just a few months ago, the world’s number one digital currency by market cap was trading for a whopping $68,000 per unit, but now, the asset has lost nearly $30,000 from its price, and according to many analysts, the year is going to get a lot worse for the currency given that the Federal Reserve is looking to hike rates again. The Federal Reserve Is Pushing Rates Higher This would normally not be a huge deal. Rates...