Bitcoin Rally After Fed Rate Hike Fades to $29.3K; CoinDesk Market Index Rises 0.7%

A few more Fed rate hikes are likely, but "the hardest work is done," one expert said.

• 2023-07-27
• U.S. Federal Reserve CoinDesk Bitcoin Lex Sokolin rate hikes Fed announcement

Bitcoin Hits Monthly Low Amid Uncertainty Ahead of Fed Meeting

With markets anticipating yet another rate hike this week from the Federal Reserve, Bitcoin fell back below $30,000

• 2023-07-24
• U.S. Federal Reserve Bitcoin rate hike

Bitcoin Falls Slightly After Fed Rate Hike

BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.

• 2023-05-04
• U.S. Federal Reserve basis points inflation pressures CoinDesk Jerome Powell Bitcoin Michael Safai market capitalization Federal Open Market Committee rate hike