Bitcoin again proves less volatile than stocks

11/06 23:55

The Federal Reserve stirred up markets last week, but bitcoin was less reactive than plain old stocks. After the smattering of U.S. central bankers who set the Federal Reserve’s interest-rate benchmark met last week, the smattering issued a press release that outlines their new monetary policy (raising rates by 75 basis points). The S&P 500 got whipped around even more than bitcoin (BTC). The Fed press release came out at 2 p.m. ET. The S&P 500’s gain peaked at 0.7% about a half hour later, but it ended the day down 2.3%. Meanwhile, bitcoin peaked at a post-Fed press release gain of 1.3% and ended with a 1.5% loss.
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