Browsing: Rates

Fed raises rates 25 bps to 3.75%–4.00% in a unanimous decision, first hike since 2023. Bitcoin hovered around $76,000 with little immediate movement after the announcement.

The Federal Reserve raised interest rates by a quarter point on Wednesday, its first hike since 2023. Bitcoin (BTC) climbed anyway, defying the old assumption that tighter policy always hurts risk assets.

The U.S. Federal Reserve raised borrowing costs this Wednesday, marking the first timethe Fed raises ratessince 2023. The decision set the benchmark interest rate within a range of 3.75% to 4.00%, prompting an immediate reaction in the price ofBitcoin.

21h35 ▪4min read ▪ byLuc Jose A. Getting informed▪TaxationSummarize this article with:

Bitcoin came under fresh pressure after the U.S. Federal Reserve raised interest rates for the first time since July 2023.

The U.S. Federal Reserve has raised its benchmark interest rate by 25 basis points, taking the federal funds target range to 3.75% – 4%.

The Federal Reserve raised rates by 25 basis points to 3.75%–4.00%, its first hike since July 2023.

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

The cryptocurrency market tumbled after the CLARITY Act failed to advance in the U.S. Senate, but analysts say the market’s medium- to long-term direction will be shaped more by interest rates than by regulation.