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Federal Reserve Interest Rate Hike and Cryptocurrency Market Volatility

Nasdaq +1 ·

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  1. 1The Federal Reserve raised the benchmark interest rate by 0.25 percentage points as of September 16.
  2. 2As of October 11, the Bitcoin price recorded a 10% increase.
  3. 3The Bitcoin price fell, recording a 65% decline in 2022.

So what's the key point?

The U.S. central bank raised interest rates by 0.25 percentage points. Bitcoin prices rose by 10%, but they also fell by 65% in 2022.

Source Nasdaq +1 · View original ↗

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