Bitcoin and rest of crypto in the red as investors await interest rate decision

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City AM

By Darren Parkin Bitcoin is trading at $22,845 this morning, down by around two per cent over 24 hours, while Ethereum – at $1,573 – is in the red by 2.9%. The majority of crypto and equity markets have been idling in the red the last week as investors look to the Federal Reserve in the US for direction, according to the analysts. Jerome Powell, the Chair of the Fed, will be leading a meeting of the Federal Open Market Committee (FOMC) over the next two days to decide the next step in fighting ongoing inflation. The experts expect an interest rate hike of 25 basis points (0.25%), a softer touc…

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