The Fed Hiked, and Bitcoin Barely
Stocks fell, gold broke, and bond yields surpassed 5 percent following the Fed's hawkish rate hike. Bitcoin, the asset everyone calls volatile, barely moved. It held near $76,000 and even gained in the minutes after the announcement—a calm that stands out on a day when the Fed promised more hikes.
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Stocks fell, gold broke, and bond yields surpassed 5 percent following the Fed's hawkish rate hike. Bitcoin, the asset everyone calls volatile, barely moved. It held near $76,000 and even gained in the minutes after the announcement—a calm that stands out on a day when the Fed promised more hikes.
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