HomeCryptoFederal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600

Federal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600



The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting.  

As usual, Bitcoin experienced volatility upon the announcement, immediately soaring by over $200.

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