Cryptocurrency News Today: Bitcoin, Ethereum Bullish After Fed Hike
- Date: 05-May-2022
- Source: Newsweek
- Sector:Financial Markets
- Country:Middle East
Cryptocurrency News Today: Bitcoin, Ethereum Bullish After Fed Hike
Bitcoin rises sharply on ease of aggression after Fed rate hike
Bitcoin regained above $40,000 after Fed monetary policy. The central bank hiked rates by 50 basis points and decreased its asset buying program. The demand for riskier assets gained as Fed was less aggressive than expected.
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