Crypto Markets React to Fed Rate Hike and Gold's All-Time High
TL;DR Summary
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.
- Bitcoin eyes liquidity above $30K as gold hits new all-time high Cointelegraph
- Bitcoin, Ether Decouple. What's Next for Crypto After Fed Rate Hike? CoinDesk
- Bitcoin, Ethereum, Dogecoin Rise After Fed Rate Hike Benzinga
- Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles Cointelegraph
- Bitcoin Rises After Fed. Why a Different Macro Force May Become Key for Crypto. Barron's
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