![Bitcoin, DXY suffer the most following FOMC meeting](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-2.jpg&w=70&h=37&q=75)
Quick Take
- BTC is down 4% since the Federal Reserve raised interest rates by 25bps
- DXY is now trading at 102.5
- Gold performed exceptionally well, extending its rally by 1%
- Powell said, “we no longer expect that ongoing rate increases will be appropriate”.
- Fed Funds futures are pricing in no more rate hikes this year.
![Assets: (Source: Trading View)](https://cryptoslate.com/wp-content/uploads/2023/03/risk-on.png)