Bitcoin indeed reacted with massive price fluctuations to the latest Fed interest rate hike.
the interest rates by another 75 basis points. As with previous examples, this hike, even though it was in line with all expectations, brought enhanced volatility for BTC.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The cryptocurrency first shot up to $20,800 before it plummeted by almost $1,000 to $20,000.
Its market capitalization stands close to $390 billion, while its dominance over the alts is at 38.6%.The altcoins went through similar rollercoasters, but most of the larger-cap ones have calmed now. Several are in the red now, including minor retracements from Ethereum, Ripple, Cardano, Solana, Shiba Inu, and Tron. Dogecoin has declined the most from the top 10 largest crypto assets, but it’s still the best performer on a weekly scale.
Similar gains are evident from Filecoin and Flow, both of which have skyrocketed by between 14% and 16%. As such, the cumulative market cap of all crypto assets has managed to remain above the coveted $1 trillion mark.
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Bitcoin outperforms U.S. stocks after Fed meetingBitcoin outperformed major stock indexes on Wednesday, though both assets slid after the Federal Reserve raised its benchmark interest rate by 0.75...
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GBP/USD Forex Signal: Sterling Recoils Ahead of FOMC DecisioThe GBP/USD price pulled back slightly ahead of the upcoming Fed and BoE decisions.
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