How does fed interest rate affect crypto
"Once the Fed makes a move, we know whether it will work or not." This market saying has been confirmed again in the recent cryptocurrency market. After the Fed's latest interest rate decision was announced, the Bitcoin ETF suffered the largest outflow of funds since March, up to $621 million, which triggered widespread market concerns about the future trend of cryptocurrencies. The core conflict of this incident is that the Fed's hawkish stance runs counter to the crypto market's expectations for loose monetary policy. Although Fed Chairman Powell did not explicitly state in his speech that he would continue to raise interest rates, the signal of maintaining high interest rates is still strong. This news is like a basin of...