Federal Reserve's Rate Hike Has Little Impact on Cryptocurrency Market, Bitcoin Bulls Charge Forward

07/26 20:30

The Federal Reserve's decision to raise the Federal Funds Rate (FFR) to 5.50% had little impact on the cryptocurrency market and Bitcoin. The central bank's cautious approach was seen as a sign that it is still concerned about the potential impact of its monetary policy on the broader economy. Despite the Fed's decision to raise rates, they may raise them again in September, depending on the data. Bitcoin's technical indicators suggest that it may be poised for a rebound shortly, which could be welcome news for investors and traders alike.

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