Bitcoin fell below the $25,000 level for the first time since March, as the Federal Reserve opted to keep rates unchanged. However, to the surprise of many, the Fed also forecasted two further hikes in this current cycle. Ethereum reacted negatively to the news, dropping below $1,700.
Bitcoin
Bitcoin plunged to a multi-month low on Thursday, as markets continued to react to the U.S. Federal Reserve’s decision not to increase interest rates.
Chair Powell did forecast two further hikes, with core inflation still higher than the bank would like.
He stated: “I think if you look at the core PCE inflation overall, look at it over the last six months, you’re just not seeing a lot of progress.”
BTC/USD dropped to an intraday low of $24,820.20 on the news, which comes following a high of $26,040.66 on Wednesday.
As a result of the drop, bitcoin slipped to its weakest point since March 16, when price was at a bottom of $24,200.
Today’s decline came as the 14-day relative strength ind
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-moves-below-25000-following-fed-meeting/
