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Crypto Markets React to Fed Rate Hike and Gold's All-Time High

1 min read
Source: Cointelegraph
Crypto Markets React to Fed Rate Hike and Gold's All-Time High
Photo: Cointelegraph
TL;DR

Bitcoin reclaimed $29,000 as US regional bank stocks suffered and gold hit new all-time highs due to the Federal Reserve's decision on interest rates. Bitcoin's bullish counterpoint to recent price action has market participants hoping for further liquidity squeezes, fueling a trip above the $30,000 barrier. Bitcoin continues to outperform gold, according to Glassnode data.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#federal-reserve#gold#liquidity#us-banking-crisis
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  1. Bitcoin eyes liquidity above $30K as gold hits new all-time high  Cointelegraph
  2. Bitcoin, Ether Decouple. What's Next for Crypto After Fed Rate Hike?  CoinDesk
  3. Bitcoin, Ethereum, Dogecoin Rise After Fed Rate Hike  Benzinga
  4. Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles  Cointelegraph
  5. Bitcoin Rises After Fed. Why a Different Macro Force May Become Key for Crypto.  Barron's

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