Bitcoin dropped below $18,000 after the federalreserve raised interest rates by half percent. Fed Chair Jerome Powell has signaled that the terminal rate is expected sometime next year. Watch Chart of the Day, presented by cryptocom:
The U.S. Federal Reserve is raising interest rates by a half percent, as expected.
Fed Chair Jerome Powell has signaled that the terminal rate, the peak rate for the current hiking cycle, is expected sometime next year. Bitcoin dropped below $18,000 on the news. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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