FOMC Hikes Benchmark Interest Rate by 25 Basis Points to 5.25%-5.50%

Following a quick 20% rally starting in mid-June principally because of pleasure surrounding BlackRock’s submitting for a spot Bitcoin ETF, the worth of BTC has stalled throughout July – at the least partially as a result of realization that the Fed would certainly start lifting rates of interest once more. After buying and selling as excessive as $31,800 earlier this month, the crypto dipped to a one-month low under $29,000 on Monday.