What does the Fed’s latest interest rate hike mean for bitcoin?
Crypto prices slumped following news that the Fed has increased interest rates. What does it mean for next year?
Cryptocurrency news by Protos · Protos
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Show Notes
On Wednesday, the Federal Reserve issued its latest interest rate increase in response to inflation. Federal funds rates have been hiked up to a target of 4.5%.
Surprisingly, the Fed’s projections for the duration and value of interest rates may be higher than predicted. Almost all board members estimate that an interest rate slightly above 5% will be appropriate for next year, even as far as Q4.
So, are prolonged and higher interest rates a new critical blow for bitcoin and crypto?
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