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Bitcoin reaches $23,700 as Fed raises interest rates by 25 basis points
The Fed announces a 25 bps hike, Bitcoin goes to $23,700 following the news.
Federal Reserve / Public Domain. Remixed by CryptoSlate
The Federal Reserve raised interest rates by 25 basis points (bps) following the Feb. 1 meeting of The Federal Open Market Committee (FOMC).
This brings the Federal Funds Rate to 4.5-4.75%.
Bitcoin reacted with an immediate 1.2% swing to the upside, topping at $23,700 on the 21:45 (UTC) 5-minute candle.
Market Cap $1.51T
24H Volume $50.58B
