Bitcoin traders eye Fed’s Powell as FOMC hikes rates to 22-year highs

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The Fed hikes by 0.25% to take rates to 22-year highs — will Bitcoin react?

) price performance strengthening after the Federal Open Market Committee took rates 0.25% higher.

This is traditionally the main cue for risk asset volatility, with markets closely watching Powell’s language for signs of future policy changes.

 

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Data from Cointelegraph Markets Pro and TradingView showed Bitcoin's price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher.

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