Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Some Expect Fed to Hike Rates by 1% 

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Some Expect Fed to Hike Rates by 1% 


Bitcoin fell below $19,000 on Wednesday, as markets prepared for a potential 100 basis point interest rate hike from the United States central bank. Although the consensus for a rate increase remains at 0.75%, some believe that with inflation remaining at historically high levels, a 1.00% hike could be on the cards. Ethereum remained lower on the news, trading marginally above $1,300.

Bitcoin

Bitcoin (BTC) fell below $19,000 earlier in the day, as traders began to prepare for today’s Federal Open Market Committee (FOMC) meeting.

Trending: EXCLUSIVE: Heritage Action Super PAC Drops Seven-Figure Ad Buy In Arizona Senate Race As McConnell Abandons Blake Masters

Market uncertainty remains rife as speculation grows on whether the Fed could go as far as raising rates by 100 basis points.

As a result, BTC/USD fell to a low of $18,813.46 earlier today, a day after hitting a peak

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend