Yesterday the Fed decided to raise interest rates by 0.25% with 100% consensus from Fed officials.
And the Fed's goal is to bring inflation back to a benchmark level around 2%.
Currently, conflicts have kept Neo oil prices at a high level, so reducing inflation is quite challenging.
Bitcoin has already reacted to the prior price move, so last night it only saw a slight pump-dump within a sideways range.
Basically, it's hard to expect the market to perform well in the short term.
#bitcoin #BTC #Ethereum #ETH Crypto
And the Fed's goal is to bring inflation back to a benchmark level around 2%.
Currently, conflicts have kept Neo oil prices at a high level, so reducing inflation is quite challenging.
Bitcoin has already reacted to the prior price move, so last night it only saw a slight pump-dump within a sideways range.
Basically, it's hard to expect the market to perform well in the short term.
#bitcoin #BTC #Ethereum #ETH Crypto
