The FOMC increased interest rates by 0.25, leading to BTC’s price drop On-chain analysts and Bitcoin maximalists maintained a bullish stance Bitcoin’s [BTC] price fell below the $28,000 threshold following the release of the U.S. Federal Open Market Committee (FOMC) decision on interest rates. The FOMC is the country’s Federal Reserve division responsible for evaluating
![Bitcoin [BTC] loses grip on $28k as rate hike continues, undeterred](https://images.cryptocompare.com/news/default/ambcrypto.png "Bitcoin [BTC] loses grip on $28k as rate hike continues, undeterred")
