The world’s major cryptocurrency took another hit on Friday, after a statement by Federal Reserve Chair Jerome Powell. The chairman announced at the annual economic conference in Jackson Hole that the United States Central Bank will likely maintain its policy of increasing interest rates in the near future. “While higher interest rates, slower growth, and […]
Tag: fed rates
August 30, 2022
August 18, 2022
Bitcoin Retracts as Fed Policy’s Restrictive Rates
Bitcoin’s bullish trend got broken earlier this Wednesday. The cryptocurrency saw a stable upwards trend starting on August 9th. Bitcoin’s price kept increasing for over a week, going from $22,880 at the start of the trend, to reaching $25,205 at its very peak. On this Wednesday, August 17th, the major cryptocurrency decreased by more than […]
