Bitcoin BTC Price Falls Slightly After Fed Rate Hike

Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say

In an email to CoinDesk, Michael Safai, managing partner of crypto trading firm Dexterity Capital, said the latest Fed decision would likely lead to “mixed outcomes” for crypto traders. “While the language on future rate hikes was softened, the Fed left the door open by saying that future decisions will be macro data dependent. Inflation data is improving but it still isn’t rosy enough to excite crypto traders,” Safai said in an emailed comment.

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