Bitcoin jumps to $40,000 after Fed chair Powell rules out bigger rate hikes

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Bitcoin jumps to $40,000 after Fed chair Powell rules out bigger rate hikes

aashika09 (#250) 923 days ago News bitcoinjumps bitcoin All https://www.coinkurry.com Discuss

Bitcoin jumps to $41000 while breaking out of trading range
The price of bitcoin increased by approximately 6% on Wednesday after the Federal Reserve hiked interest rates by half a point, the largest increase in roughly 20 years, as predicted.

Bitcoin started to rise in value ahead of the conclusion of the Federal Open Market Committee meeting. Many people predicted the half-point increase. Its rise intensified when Fed Chair Jerome Powell ruled out a 75-basis-point raise.