Could Bitcoin's Rally Be Indicative of US Fed's Rate Hike Hold-off?

Could Bitcoin's Rally Be Indicative of US Fed's Rate Hike Hold-off?

Bitcoin has rallied roughly 7% in June on the back of strong momentum buying and continues to target higher valuations. The cryptocurrency has registered the breakout that we all have been waiting for, and that may cause immense trouble to the short-sellers. However, one interesting observation is that Bitcoin humbled the extreme selling pressure on the eve of US Fed's meeting which is expected to dole out important clues regarding the timing of the much-anticipated interest rate hike. Why Does Interest Rate Concern Bitcoin? Interest rates concern all aspects of the economy, including the....


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