Bitcoin (BTC) Plunges After Fed Raises Rate By 75 Basis Points: Live News Updates
Bitcoin FOMC Meeting November 2022 Live Updates: The Federal Reserve announced a rate raise by 75 basis points for the fourth consecutive meeting. Fed chair Jerome Powell indicated at slowing down of rate hike ‘as soon as next meeting’.
In the last one week, the cryptocurrency market has been on a bullish momentum in an otherwise bearish crypto cycle. Elon Musk‘s official taking over of social media platform Twitter led to huge rise in Dogecoin (DOGE) price. The top memecoin is up by nearly 100% compared to 7 days ago.
As of writing, BTC price stands at $20,431, almost flat at 0.30% rise in the last 24 hours, according to price tracking platform CoinMarketCap. The crypto market is looking at how Bitcoin price will react to the outcome of the FOMC meeting.
The Fed statement was released on Wednesday, followed by a press conference by Fed Chair Jerome Powell.
Bitcoin FOMC Meeting News Today Live Updates
- Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B
- Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana
- ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks
- El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset
- Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
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