Federal Reserve Raises US Interest Rate by 75 Basis Points; Bitcoin Rises

Federal Reserve Raises US Interest Rate by 75 Basis Points; Bitcoin Rises

“Inflation continues to be sticky and high so rate hikes will continue, but the pace of hiking is set to slow,” said Nick Hotz, vice president of research at Arca. “Any sign of the Fed easing up would be taken as very bullish short-term for digital assets.”

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