The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points, bringing it to a range of 3.75% to 4.00%. This decision has revived speculation about further monetary tightening by the Fed in its efforts to combat inflation and ensure economic stability. Bitcoin, a major digital asset, is particularly sensitive to changes in U.S. monetary policy, as tighter conditions affect liquidity and risk appetite. In the short term, confidence in Bitcoin’s ability to reach higher price targets is declining significantly. The Fed’s upcoming meetings and U.S. macroeconomic indicators will remain crucial factors to monitor.
Source: Read the original article
