Crypto rallies through the Fed's first rate increase since 2023
The Federal Reserve has resumed interest rate increases for the first time since 2023, drawing parallels to 2022 market conditions. Cryptocurrency and broader markets reacted, with crypto markets rallying following the rate hike announcement, while Goldman Sachs forecasts an additional Fed rate hike in October.
- The Federal Reserve enacted its first rate increase since 2023.
- Crypto markets rallied following the rate hike announcement.
- The Federal Reserve has resumed interest rate increases.
- Goldman Sachs forecasts a Fed rate hike in October.
Part of the storyline: Will the Fed raise rates again?
Sources
- CoinDesk — Optimism creeps back into crypto, with the 2022 test still to come
- CoinDesk — Live updates: Bitcoin edges higher as Nasdaq climbs 1.7% in wake of Fed rate hike
- CoinDesk — Crypto rallies through the Fed's first rate increase since 2023
- CoinDesk — Bitcoin faces 2022 parallels as Federal Reserve resumes rate increases
- CoinDesk — U.S. diesel prices hit record high as bitcoin and gold struggle
- CoinDesk — Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
- CoinDesk — Goldman pivots, now forecasts Fed rate hike in October