Previous interest rate hikes led to immediate price volatility for the crypto market, so today could be another such example.
The first US FOMC meeting is scheduled to conclude today, and expectations suggest that the Fed will raise the interest rates with another 25 basis points.
Amid the growing anticipation, bitcoin, and most of the crypto market, stand calmly, but history shows that there might be a lot of volatility later in the day.The primary cryptocurrency tapped a five-month peak at just inches away from $24,000 on Sunday evening but was stopped before having the chance to reclaim that level shortly after.by over $1,500 to a multi-day low of $22,400 .
The bulls came back to play a day later and helped bitcoin recover some ground. As such, it spiked back to $23,000 and has spent most of the last 24 hours around that line.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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