Fed raises interest rates for the first time since after the 2023 period.
After yesterday’s meeting, the Fed increased rates by 0.25%, and the DXY dollar index—reflecting the strength of the dollar $ —has surged back up to the 100 mark.
When DXY rises again, smart money flows return to the U.S., causing financial markets in general and Crypto in particular to continue to face difficulties.
#BTC has been in the red before the news, so after it was released, it only saw slight fluctuations.
But with 100% consensus among Fed officials on raising interest rates, it’s very hard to expect growth for Bitcoin and Crypto this time.
#Bitcoin #BTC #Ethereum #ETH #Blockchain #Crypto
After yesterday’s meeting, the Fed increased rates by 0.25%, and the DXY dollar index—reflecting the strength of the dollar $ —has surged back up to the 100 mark.
When DXY rises again, smart money flows return to the U.S., causing financial markets in general and Crypto in particular to continue to face difficulties.
#BTC has been in the red before the news, so after it was released, it only saw slight fluctuations.
But with 100% consensus among Fed officials on raising interest rates, it’s very hard to expect growth for Bitcoin and Crypto this time.
#Bitcoin #BTC #Ethereum #ETH #Blockchain #Crypto
