Crypto Prices and the Effect of Fed Rate Hikes: A Look at the Potential Impact on Bitcoin and Other Major Tokens
With the Federal Reserve expected to raise its benchmark lending rate by 25 basis points, investors in the cryptocurrency market are bracing for a potential sell-off. While the recent surge in Bitcoin and other major tokens has been attributed to the tumultuous banking sector, Bernstein analyst Gautam Chhugani predicts that the rate hike will prompt ...