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Ethereum World News
2022-06-15 19:24:23

Bitcoin Maintains its $20k Support Amidst Anxiety Over the US Fed’s 75 Basis Point Hike

Bitcoin Maintains its $20k Support Amidst Anxiety Over the US Fed’s 75 Basis Point Hike

Summary: The US Fed has announced a 75 basis point hike in interest rates. However, such a rate hike was predicted to inspire confidence in investors who now believe the US Federal Reserve is focused on bringing down inflation. Bitcoin has since maintained its $20k support zone amidst anxieties that the 0.75% interest rate increment is the biggest since 1994. Bitcoin’s $20k support is the level to watch until the bear market is officially over. Moments ago, the US Federal […]

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