Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K


“This is yet another reminder that crypto moves at the whims of the Fed,” said Riyad Carey, a research analyst at crypto data firm Kaiko. “We saw this just last week when there was a sharper price reaction to the CPI release than to the [Ethereum upgrade] Merge. I don’t foresee crypto, especially BTC and ETH, bucking the Fed’s influence any time soon.”

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