The Federal Reserve raised rates of interest by 25 basis points (bps) following the Feb. 1 assembly of The Federal Open Market Committee (FOMC).
This brings the Federal Funds Fee to 4.5-4.75%.
Bitcoin reacted with an instantaneous 1.2% swing to the upside, topping out at $23,200 on the 19:00 (UTC) 5-minute candle.
The put up Bitcoin reaches $23,200 as Fed raises interest rates by 25 basis points appeared first on CryptoSlate.
