Bitcoin (BTC) Reacts to Fed Rate Hike: Analysts Split on What Comes Next
Bitcoin's reaction may depend less on this rate hike and more on whether the Fed continues tightening monetary policy.
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Bitcoin's reaction may depend less on this rate hike and more on whether the Fed continues tightening monetary policy.
Several altcoins have marked major gains today, which is rather unexpected given yesterday's rate hike and CLARITY Act's failure.
XRP whales moved early as 85 new millionaire wallets appeared before the dramatic August breakout.
Bitcoin's latest dip has split analysts between a possible daily-cycle low and calls for another drop toward $70,000 or even $50,000 again.
Solana falls below $100 after the CLARITY Act setback, but certain factors suggest this correction could be short-lived.
The actual removals will take place on September 18.
Last-minute bipartisan negotiations could not break the deadlock, leaving CLARITY stalled.
To the surprise of most, BTC actually surges. For now.
The chain's one-month TVL growth stands at 71%, yet net outflows of $11.11 million over 24 hours show capital can still move quickly.
Ethereum is still trading around $2.4K after a sharp recovery from the $1.5K area. The latest charts show ETH consolidating beneath the $2.5K resistance region, while supply continues to tighten. The technical structure remains constructive on the higher timeframe, although…
Trading data pointed to aggressive selling, with XRP's cumulative volume delta plunging to negative 10.5 million.
Will BTC jump above $82,000 or face another leg down?