{"id":55317,"date":"2023-07-27T04:13:39","date_gmt":"2023-07-27T08:13:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=55317"},"modified":"2023-07-27T04:13:42","modified_gmt":"2023-07-27T08:13:42","slug":"fed-raises-rates-once-more-bitcoin-crash-or-bull-run","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/fed-raises-rates-once-more-bitcoin-crash-or-bull-run\/","title":{"rendered":"FED Raises Rates Once More: Bitcoin Crash Or Bull Run?"},"content":{"rendered":"\n

Bitcoin discussions exploded in the hours following the Fed's interest rate increase,<\/a> and BTC prices approached $30,000 in minutes.<\/p>\n\n\n\n

\"\"
FED Raises Rates Once More: Bitcoin Crash Or Bull Run?<\/figcaption><\/figure>\n\n\n\n

The US Federal Reserve announced a 25 basis point increase in interest rates on Wednesday, July 26. Almost immediately after that, Bitcoin and the broader crypto market turned green, with the BTC price approaching $30,000.<\/p>\n\n\n\n

BTC is trading 0.7% higher at $29,464 with a market valuation of $572 billion as of press time. Conversely, all of the leading altcoins have been in the green. <\/p>\n\n\n\n

The value of Ether (ETH), XRP, and Binance Coin (BNB) has increased by 1.5%. Solana (SOL) continues to lead the top ten cryptocurrency list with over 7% advances. Cardano (ADA) and Polygon (MATIC) are each up greater than 3 percent.<\/p>\n\n\n\n

With the recent rate increase, US interest rates have reached their highest level in 22 years. Santiment,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> an on-chain data provider, explains that the Federal Open Market Committee (FOMC) recently increased US interest rates by 25 basis points to their most incredible level since 2001. <\/p>\n\n\n\n

The response of the cryptocurrency markets may hinge on social reactions. Early indications suggest a “sell the rumor, buy the news” strategy, with anticipated price increases.<\/p>\n\n\n\n

\"\"
Courtesy: Santiment<\/figcaption><\/figure>\n\n\n\n


Amid Fed Rate Hike Bitcoin Gains Popularity<\/h2>\n\n\n\n

As the Fed proclaims a rate hike, Bitcoin once again eclipses alternative cryptocurrencies. After the Federal Open Market Committee (FOMC) raised interest rates and Bitcoin approached $30,000, there has been a substantial increase in BTC-related conversations relative to the other top 100 assets. According to Santiment, this elevated social dominance typically signifies fear, which could increase the likelihood of a price increase.<\/p>\n\n\n\n

\"\"
Courtesy: Santiment<\/figcaption><\/figure>\n\n\n\n

The Bitcoin supply at exchanges has fallen to a five-year low, a significant bullish indicator.<\/use><\/svg><\/span><\/a> Despite the current selling pressure, many Bitcoin holders have been self-custodying their coins.<\/p>\n\n\n\n

In addition, Fed Chairman Jerome Powell indicated the possibility of another rate increase in September 2023. Over the next two months, investors may prefer Bitcoin to alternative cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin discussions exploded in the hours following the Fed’s interest rate increase, and BTC prices approached $30,000 in minutes. The US Federal Reserve announced a 25 basis point increase in interest rates on Wednesday, July 26. Almost immediately after that, Bitcoin and the broader crypto market turned green, with the BTC price approaching $30,000. BTC […]<\/p>\n","protected":false},"author":53,"featured_media":55334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,83],"tags":[6270,15286,15471],"class_list":["post-55317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin-news","tag-bitcoin-news-2","tag-btc-price-2","tag-fed-rate-hike"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/ekwy.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=55317"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55334"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=55317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=55317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=55317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}