As reported by U.Today, the central bank increased the interest rate for the first time since 2018 in mid-March after adopting a much tougher position on inflation.
Bitcoin is currently trading at the $43,700 level on major spot exchanges, dipping by more than 5% over the past 24 hours.
Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.