Bitcoin Touches $40,000 As Fed Raises Rates In Biggest Hike In 20 Years Today


The U.S. Federal Reserve (Fed) has raised interest rates by 50 basis points in its largest hike since 2000.

Bitcoin briefly touched $40,000 after the Fed released its new monetary policy guidelines.

Bitcoin touches $40,000 as Fed raises interest rates

Image source: TradingView.

The central bank’s Federal Open Markets Committee (FOMC) said in a Wednesday statement that the decision was made to support its goals of achieving maximum employment and curbing inflation rates to 2% over the longer run.

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