New Bitcoin (BTC) Price: In view of the last Federal Open Market Committee (FOMC) meeting on the rate hike, Bitcoin (BTC) price is one of the most anticipated metrics currently. For the first time in several months, there are high chances of the Fed announcing a rate hike in line with the market expectation of 0.50%. The anticipation comes at the back of Fed chair Jerome Powell‘s recent remarks on slowing down rate hikes. After the November FOMC meeting, Powell hinted at the possibility of lesser rate hike in the December meet.
Also Read: Bitcoin, Ethereum Price Gains In Anticipation Of 50 Bps Rate Hike By US Fed
Following fall of U.S. Consumer Price Index (CPI) in November to 7.1%, the Bitcoin (BTC) and Ethereum (ETH) prices rose significantly. As of writing, BTC price stands at $18,004, up 0.80% in the last 24 hours, according to price tracking platform CoinMarketCap. The current price range is the highest so far in over a month since the FTX liquidity crisis led to a crypto crash
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