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Feds increased rate won’t positively affect Bitcoin price, here is why

While many analysts predict that the hiked interest rate by the Feds would lead to a positive movement in the price performance of Bitcoin, a leading billionaire investor, however, disagrees with this notion.
Bitcoin would continue to trade between $30k to $50k
Michael Novogratz, the CEO of Galaxy Digital Holdings Ltd., in a recent interview, has ruled out any chance of Bitcoin breaking its record high this year. According to him, the flagship digital asset is more likely to trade between the $30k to $50k region throughout this year.
Novogratz pointed out that despite the Feds raising the interest rates, it is unlikely that investors would be willing to invest the amount of liquidity they poured into the space during the pandemic, which helped Bitcoin reach new highs.
Per his statement, with the Feds considering tightening the market in its attempts to deal with inflation, investors are also evaluating the risks. This means the probability of pumping money into Bitcoin is lower this ye

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