Bitcoin (BTC) Price Falls After Fed Interest Rate Decision

    Bitcoin (BTC) Price Falls After Fed Interest Rate Decision

After the price of Bitcoin (BTC) rose sharply today, Federal Reserve Chairman Jerome Powell put a damper on the bulls with hawkish comments.

After the price of Bitcoin (BTC) rose sharply today, Federal Reserve Chairman Jerome Powell put a damper on the bulls with hawkish comments.

Advertisement

powell fixed that the Federal Reserve had no commitment to a particular rate cut, stating that its current rate path “depends on the data.”

On Wednesday, the Federal Reserve left its benchmark interest rate unchanged. The decision was in line with market expectations.

HOT Stories
Ripple CEO names most important date for XRP holders
Ripple CEO names most important date for XRP holders
Ethereum (ETH) in critical condition, here’s why Bitcoin (BTC) can’t reach $70,000. Will XRP hit all-time low?
Shiba Inu (SHIB) Holders Receive Critical Warning in Telegram, Here’s Why
Bitcoin (BTC) Price Falls After Fed Interest Rate Decision

Earlier today, the price of Bitcoin rose to almost $70,000 on the back of colder-than-expected US inflation data.

While the Federal Reserve has “welcomed” the latest consumer price index (CPI) reading, Powell says it needs to bolster confidence in inflation.

Bitcoin has now pared a substantial portion of its recent gains due to Powell’s hawkish comments, currently trading at $68,837 on the Bitstamp exchange.

The Federal Reserve has signaled that there will only be one rate cut this year despite cooling inflation, but its message is quite confusing.

However, it’s worth noting that the market is still pricing in two quarter-point rate cuts in 2024.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة