Browsing: Interest

The Federal Reserve hiked interest rates for the first time since 2023 on Wednesday and it sent the bitcoin price — briefly — all over the place.

Altcoin NewsXRP Author Ahmed Barakat Author Part of the Team Since Mar 2024 About Author

XRP open interest on Binance alone dropped from $558 million in August to roughly $423 million now, the steepest slide of any exchange. ByWayne Jones

Cryptocurrency investor and analyst Lark Davis assessed the support levels to watch should Bitcoin decline further. Davis stated that Bitcoin could initially find support around $73,000, and if this area is lost, the level around $67,000 could come into play.

  en.bitcoinsistemi.com  + 2 more12 h

For the first time in three years, the United States Federal Reserve raised the benchmark interest rates by 25 bps.

Today is the long-awaited Fed meeting day. In July, the Fed also left interest rates unchanged at 3.5-3.75%. Following the July decision, markets are now focused on the September interest rate decision.