The Fed Is About To Raise Rates Again, What’s Next For The Bitcoin Price?
The Federal Reserve is positioned to raise interest rates for the third month in a row. What effect will this have on the recent bitcoin rally?Watch This Episode On YouTube or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynTranscript[00:00:03] Q: DWill Bitcoin be Affected By Another Fed Rate Hike?ylan. We, we got a 9.1% CPI reading last week., what were your initial thoughts, reactions seeing that,[00:00:17] Dylan: Yeah. I mean, I think it's, inflation is, is still, is still running rampant., I think that's, that's mostly been, you're starting to see the base effects of, of....
Related News
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled.
ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5%
Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from Eurostat quoted by Trading....
The BoE has become the first major central bank to raise interest rates since the pandemic by hiking its basic rates to 0.25%.
Bitcoin price has begun advance and yesterday covered a $10 distance from $276 to $286 (Bitstamp). The current technical configuration is bullish and the level we watch with interest is $300. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 05h12 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The Bitcoin price chart is in a bullish state across all timeframes: from 5-minutes all the way up to the 1-week....
Failing to increase interest rates means a big deal to stock market investors. With little interest to be gained in “safe investments” more aggressive measures will be warranted. Over the past few weeks, there has been an increased focus on whether or not the Federal Reserve will raise interest rates Although financial experts are on the fence on the future of the rates, the Fed’s Janet Yellen has announced there will be no increase for now. However, things may change later this year, assuming the US economy doe snot face a major hit. The long wait is finally over, and as many people....
The bitcoin price chart has reclaimed position above the $680 (Bitstamp) price level. For now it looks like further correction is ruled out. A Fed rates announcement, later today, hangs over global markets. The bitcoin price chart dipped below $680 support for most of today before climbing above this critical level at the time of writing. The market does not want to pursue additional correction, but before we assume trend is up, it would be prudent to wait for the Fed rates announcement at 19h00 UTC. At the previous Federal Open Market Committee announcement, bitcoin disappointed by....