The serious money will be bullish on Fed decision that gave volatility back to crypto markets

Published by
City AM

By Darren Parkin Bitcoin and cryptocurrency investors who have been bemoaning the lack of volatility have had their wishes come true it would seem. The world’s largest digital asset by market capitalisation’s 20-day rolling volatility fell recently below that of the Nasdaq and S&P 500 indexes for the first time since 2020, according to data. But it seems to have been given a shot in the arm. The reason is fairly predictable too: the Federal Reserve on Wednesday brought to a close its two-day meeting at which it, as expected, raised interest rates by 75 basis points for the fourth consecutive t…

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