Today news
About the same in other media
Bitcoin, Ethereum Jump as Federal Reserve Doubles Tapering, Signals Three 2022 Rate Hikes
Reading now: 279
The price of bitcoin (BTC) moved up immediately following the conclusion of a two-day US Federal Reserve (Fed) meeting on Wednesday, with the statement from the meeting saying interest rates will be kept unchanged for now, while the amount of tapering doubled from last month. The Fed signaled that 2022 will see three interest rate hikes.
At 19:10 UTC, BTC traded at USD 49,200, up 3.1% for the past 24 hours and up nearly 3% in the first 10 minutes after the release of the statement. Ethereum (ETH) jumped 4% during the same 10 minutes, moving above USD 3,965.
At the same time, the US S&P 500 stock index responded to the statement from the meeting by trading up 0.4% in a matter of 10 minutes after the statement was released. At the time of
Read more on cryptonews.comAbout this in other media
Law Decoded: Three regulatory trends of 2021, Dec. 20–27 cointelegraph.com /2 years ago
What is the Fed taper? This Is How the Federal Reserve Withdraws Stimulus cryptonews.com /2 years ago
Cryptocurrency prices today on December 27: Bitcoin up nearly 2%, Polkadot jumps over 8% moneycontrol.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
