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Fed Interest Rate Hike Confirmed: Will BTC Bounce Back?

Published 27/07/2023, 11:46
© Reuters. Fed Interest Rate Hike Confirmed: Will BTC Bounce Back?

  • The Federal Reserve raised interest rates in the U.S. again during the last FOMC meeting.

  • The banking regulator increased interest rates by another 25%, the highest level since 2001.

  • Social engagement among Bitcoiners grew following the interest rate hike announcement.

The Federal Reserve raised interest rates in the U.S. again during the last Federal Open Market Committee (FOMC) meeting. According to reports, the banking regulator increased interest rates by another 25%, hiking it to the highest level since 2001. This action generated social reactions that Santiment, the market intelligence platform with social metrics, believes could significantly impact the market.

According to Santiment, early indications suggest the outcome of the latest FOMC interest rates figures may be a “sell the rumor, buy the news”, …

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The post Fed Interest Rate Hike Confirmed: Will BTC Bounce Back? appeared first on Coin Edition.

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