In transactions on Asian markets, bitcoin has even dropped nearly 3% today. It is above the level of 23000. Dollar.
When the Fed hikes interest rates by 75 basis points on Wednesday, the market leader in digital currencies will gain 9%.
The US Federal Reserve acted in line with market expectations, signaling that it will slow the pace of monetary tightening over time.
The Federal Open Market Committee (FOMC) decision raises optimistic expectations about the inevitable end of rate hikes. This has triggered a rush to risky assets that will help take over cryptocurrencies, “says Edward Moya, an analyst at Oanda.
However, such bursts of investor optimism after Fed decisions in May and June quickly faded, Bloomberg recalls.
Cryptocurrencies from the knees. Is this the end of the bear market?
The past few days have brought an improvement in sentiment in the cryptocurrency market. The price of bitcoin hit its all-time high in more than a month on Wednesday. Smaller tokens have grown by tens of percent within a few days.