BitcoinWarrior

News and Education

Bitcoin slips to three-month low as US considers further interest rate hikes

Published by
City AM

By Darren Parkin Crypto and stocks dropped yesterday following Jerome Powell’s announcements that the Fed foresees more rate hikes in future. Bitcoin dropped to March lows and was trading at just under $25k this morning, while Ethereum’s Ether was down 6% in the last 24 hours. There aren’t many winners in the markets today, with Uniswap (+2%) counting among a handful of outliers in the green. While rate hikes remained untouched yesterday, it wasn’t the start of a pause on rates investors were hoping for. “Today, we decided to leave our policy interest rate unchanged and to continue to reduce o…

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