The Fed is likely to raise the benchmark interest rate by 50 basis points next week, accelerating the pace of monetary tightening that began last month with a 25 basis point hike.
The dollar index, which tracks the greenback’s value against major currencies, has rallied to 20-year highs.
In other words, various corners of the financial market appear to have priced in the impending 50 basis point hike and balance sheet runoff announcement.
The post-Fed uptick in bitcoin, if any, should be viewed with caution if the dollar continues to rise.
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Athena Bitcoin implementó cajeros automáticos de bitcoin una semana después de que el presidente de El Salvador legalizara la criptomoneda como de curso legal.
A pesar de problemas en el lanzamiento, la empresa sigue siendo optimista con el proyecto.
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