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The Federal Reserve raised interest rates by 25 basis points (bps) following the Feb. 1 meeting of The Federal Open Market Committee (FOMC).
This brings the Federal Funds Rate to 4.5-4.75%.
Bitcoin reacted with an immediate 1.2% swing to the upside, topping at $23,700 on the 21:45 (UTC) 5-minute candle.
Source: BTCUSDT on TradingView.com
The post Bitcoin reaches $23,700 as Fed raises interest rates by 25 basis points appeared first on CryptoSlate.
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