Bitcoin Slides as Fed Hike Fuels Dollar Strength and Rate Risk
Bitcoin selling pressure grows after the Fed rate hike as US dollar strength, open interest and further tightening expectations weigh on BTC demand.
Image: analyticsinsight.net
Bitcoin extended its recent decline after the Federal Reserve raised interest rates by 25 basis points, taking the benchmark range to 3.75% to 4.00%. BTC has lost more than 3% over three trading days as a stronger dollar and further tightening expect... [2490 chars]
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