Bitcoin
Bitcoin (BTC)
$70,177.00 -0.38834
Bitcoin price
Ethereum
Ethereum (ETH)
$3,545.94 -0.5853
Ethereum price
BNB
BNB (BNB)
$617.56 5.98312
BNB price
Solana
Solana (SOL)
$186.08 1.30153
Solana price
XRP
XRP (XRP)
$0.6333320 2.19366
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -4.27429
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -3.60885
Pepe price
Bonk
Bonk (BONK)
$0.0000270 -1.67178
Bonk price
Bitcoin
Bitcoin (BTC)
$70,177.00 -0.38834
Bitcoin price
Ethereum
Ethereum (ETH)
$3,545.94 -0.5853
Ethereum price
BNB
BNB (BNB)
$617.56 5.98312
BNB price
Solana
Solana (SOL)
$186.08 1.30153
Solana price
XRP
XRP (XRP)
$0.6333320 2.19366
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -4.27429
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -3.60885
Pepe price
Bonk
Bonk (BONK)
$0.0000270 -1.67178
Bonk price
Bitcoin
Bitcoin (BTC)
$70,177.00 -0.38834
Bitcoin price
Ethereum
Ethereum (ETH)
$3,545.94 -0.5853
Ethereum price
BNB
BNB (BNB)
$617.56 5.98312
BNB price
Solana
Solana (SOL)
$186.08 1.30153
Solana price
XRP
XRP (XRP)
$0.6333320 2.19366
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -4.27429
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -3.60885
Pepe price
Bonk
Bonk (BONK)
$0.0000270 -1.67178
Bonk price
Bitcoin
Bitcoin (BTC)
$70,177.00 -0.38834
Bitcoin price
Ethereum
Ethereum (ETH)
$3,545.94 -0.5853
Ethereum price
BNB
BNB (BNB)
$617.56 5.98312
BNB price
Solana
Solana (SOL)
$186.08 1.30153
Solana price
XRP
XRP (XRP)
$0.6333320 2.19366
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000308 -4.27429
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000078 -3.60885
Pepe price
Bonk
Bonk (BONK)
$0.0000270 -1.67178
Bonk price

Bitcoin often dips when the Fed raises rates

bitcoin-often-dips-when-the-fed-raises-rates
Edited by
Markets
Bitcoin often dips when the Fed raises rates

Lookonchain recently looked at the performance of bitcoin (BTC) before and after the eight most recent Fed rate hikes.

Bitcoin’s performance during Fed announcements

The Federal Reserve will announce its interest rate decision in the coming hours. While preparing for this, Lookonchain looked at BTC’s performance in recent rate hikes.

https://twitter.com/lookonchain/status/1638451189724618753?t=CTJADORCQ_a4ocp3M3Ml1A&s=19

In May 2022, the Fed raised rates by 50 bps. Before the hike, BTC was surging upwards. A few hours before the hike, the coin dipped. Moments following the rate hike, this coin returned to recording upswings. Oftentimes, BTC dipped when Fed raised rates. 

However, the story differs slightly from the September, November, and December 2022 rate hikes. In this period, the coin was in an uptrend before the rate hikes but changed directions following the announcements.

Earlier this year, on Feb. 2, the Fed seemed to slow their rate hikes, raising interest from 4.5% to 4.75%, only a 25 points increase. In the moments before the hike, BTC was recording some upswings. BTC took a sharper upswing after the 25 points increase announcement.

Institutions transferring funds into the crypto market

Reports suggest that a majority of investors anticipate a 25 bps hike. Hence, many predict that the announcement could trigger even more robust price actions.

Due to the bullish sentiment, Lookonchain indicates that institutions invest more in the crypto markets. For instance, Tether minted $5 billion USDT on Tron in the past seven days.

Bastion Trading (theskybomber.eth) transferred 230.4 million USDT to Binance in the past seven days. Wallet address “0x6B8F” moved 25 million USDT it received from Tether Treasury to FalconX.

As investors buy more, concerns are surfacing that BTC could plunge 30% to trade below $20,000 following the announcement. If BTC dives below $20,000 a large number of longs who bet on the $20,000 support will suffer liquidation. 

Follow Us on Google News