Bitcoin

Bitcoin, DXY suffer the most following FOMC meeting

03/23/2023
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Quick Take

  • BTC is down 2.5% since the Federal Reserve raised interest rates by 25bps
  • DXY is now trading at 102.5
  • Gold performed exceptionally well, extending its rally by 1%
  • Powell said, “we no longer expect that ongoing rate increases will be appropriate”.
  • Fed Funds futures are pricing in no more rate hikes this year.
Assets: (Source: Trading View)
Assets: (Source: Trading View)

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Source: https://cryptoslate.com/insights/bitcoin-dxy-suffer-the-most-following-fomc-meeting/