FED Hikes Interest Rates Again: Crypto Crash or Bull Run?
Following the Fed rate hike, Bitcoin discussions surged, and the BTC price neared $30,000 within hours.
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On July 26, the US Federal Reserve raised interest rates by 25 basis points, as expected. This resulted in Bitcoin and the broader crypto market turning bullish, with BTC getting closer to $30,000.
At the time of press, BTC is trading 0.7% higher at $29,464, with a market cap of $572 billion. Top altcoins like ETH, XRP, and BNB also experienced gains, rising by 1.5%. Solana (SOL) showed the highest increase in the top ten crypto-list with over 7% gains, while Cardano (ADA) and Polygon (MATIC) went up by over 3% each. Read More...