Bitcoin Up 5% After Fed Raises Interest Rates By Half a Percentage Point... But Why? | CoinMarketCap

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The markets were nervous ahead of the Fed's interest rate announcement 😬 But after a half-a-percentage-point hike was unveiled, Bitcoin rose by 5% 📈 Why? 🧐

This is likely linked to Fed Chairman Jerome Powell revealing that a future rate hike of 0.75% is "not something that the committee is actively considering" — meaning that, although rates will continue to rise, the pace will be gradual rather than sharp and sudden.

The Fed's decision will likely prompt other central banks to increase interest rates also — and Wednesday's strong showing on Wall Street will likely be replicated during Thursday's trading in Europe and Asia. But for now, Bitcoin's next challenge is meaningfully cracking through $40,000 — a level that's proven elusive in recent weeks.

 

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maybe bc bitcoin is real money and its growing its strength just growing compared to the us dollar🧐🤷

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Ok

Two words: market manipulation

Overall very bullish, but keep in mind that if $BTC does not succeed to pass 42k we might see a move back to the 40k-39k area for a short while before we go back up Y’all follow Chrismoyzee. he’s a super underrated Bitcoiner who have been following he’s tweets and tip closely

Markets were scared of a potential 75bps hike, that didn't and won't happen in the future according to Powell so there's a big relief rally going on.

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bcs the DXY basically went parabolic and is now correcting... what are these questions

The real answer is because crypto is a total scam right now and the only thing happening in these retail-less markets is market makers manipulating to extract all of your money from you in the most unpredictable ways. There was more money to be made sending it up at the time

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its a temperedly rise , you will see a drop again

People seem to have forgotten that Bitcoin hit $65k in mid 2021 and went all the way back down to $28k in the summer before coming back above $65k again Y’all follow 62lit She’s a super underrated Bitcoiner who have been following her tweets and tip closely

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because the hikes were already factored in

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