What will happen to Bitcoin when the Fed speaks? Nerves kick in on BTC markets.
An overnight push towards $40,000 hadfor bulls, setting the scene for lackluster performance into the Fed decision.
With inflation running wild, analysts believed that more than a 0.25% rate hike was unlikely due to the need to maintain equilibrium in a market already bloated from liquidity injections and uncertain, thanks to the Russia-Ukraine war. “The bottom line is we will proceed but we will proceed carefully as we learn more about the implications of the Ukraine war,” Fed Chair Jerome PowellBitcoin was characteristically volatile on the shortest timeframes but rangebound on longer ones at the time of writing, this behavior having characterized the largest cryptocurrency on many occasions throughout 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin drifts into weekly close while Fed rate hike looms as next major BTC price triggerHere comes the weekly close, but it's next week's Fed rate hike decision that matters to Bitcoiners right now.
Read more »
BTC price struggles below $39K ahead of expected interest rate hike by the Fed$BTC bulls battle for momentum below $39,000 as the wider market trades flat ahead of a possible interest rate hike by the Federal Reserve on March 16.
Read more »
Bitcoin consolidates below $39,000 as investors await Fed decisionBitcoin is consolidating below $39,000 on Monday, as investors await decisions from the Federal Open Market Committee's two-day meeting, which will conclude...
Read more »
Bitcoin Breakout Elusive as Traders Price in 7 Fed Rate Hikes For 2022Bitcoin narrowly misses a breakout above $40,000 as traders ramp up Fed rate hike bets. reports godbole17
Read more »
Gold futures skid sharply lower as investors watch Ukraine-Russia, await Fed decisionGold futures on Monday head sharply lower as investors watch the third week of the invasion of Ukraine by Russia and awaited a crucial Fed decision.
Read more »
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected – Economics Bitcoin NewsThe U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Economics Crypto Gold
Read more »