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Bitcoin Falls, Other Cryptos Mixed After Fed Raises Rates Again
linkweb3
2023-05-04
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Summary：and other cryptocurrencies were largely unchanged on Wednesday, after the Federal Reserve made an expected quarter-point increase in interest rates while signaling a possible pause at future meetings. The price of Bitcoin has fallen about 0.9% in the last 24 hours to $28,400. “Bitcoin has steadily moved back above its 50-day moving average, proving that the break below was false,” said Alex Kuptsikevich, an analyst at broker FxPro, before the rate-hike announcement.
and other cryptocurrencies were largely unchanged on Wednesday, after the Federal Reserve made an expected quarter-point increase in interest rates while signaling a possible pause at future meetings. The price of Bitcoin has fallen about 0.9% in the last 24 hours to $28,400. “Bitcoin has steadily moved back above its 50-day moving average, proving that the break below was false,” said Alex Kuptsikevich, an analyst at broker FxPro, before the rate-hike announcement.
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