Bitcoin, DXY suffer the most following FOMC meeting 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.
Analyst 
Research Analyst at CryptoSlate
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
More about Bitcoin