Bitcoin Braces For Biggest Federal Rate Increase In 28 Years
All eyes will be on Federal Reserve Chairman Jerome Powell (AP Photo/Evan Vucci)ASSOCIATED PRESS As the crypto industry braces for another announced rate increase from the Fed today at 2pm ET, expected to be a [...] The post Bitcoin...
All eyes will be on Federal Reserve Chairman Jerome Powell (AP Photo/Evan Vucci)ASSOCIATED PRESS
As the crypto industry braces for another announced rate increase from the Fed today at 2pm ET, expected to be a jump to 75 basis point increase (bps) following May’s record year-on-year inflation jump of 8.6%, the highest in four decades, bitcoin is close to falling below $20,000 for the first time since December 2020.
If Fed Chairman Jerome Powell announces a 75 bps jump, it…
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