Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike

Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike

Market Analysis
November 2, 2022 by secret
181
[ad_1] Bitcoin (BTC) saw instant volatility on Nov. 2 as the United States Federal Reserve enacted a fourth consecutive 0.75% interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed hints more hikes to com Data from Cointelegraph Markets Pro and TradingView showed BTC/USD initially dropping to $20,200 before momentarily rebounding to $20,800. The