CoinsAQ summary · neutral
Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes - Decrypt
What happened
The Federal Reserve raised interest rates by a quarter point Wednesday, its first hike since 2023, lifting the federal funds rate to a target range of 3.75% to 4% from 3.50% to 3.75%. Bitcoin remained flat in the minutes before and after the announcement, swinging between.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
FBI blames North Korea for record $6.3B Binance hack
Michael Saylor says Strategy can thrive without Bitcoin or equity
Michael Saylor says Strategy's massive Bitcoin treasury can generate $10B–$30B in digital credit without new equity or price gains.
California Retiree Loses $500,000 to Pig Butchering Scam, Then Falls for the Same Scam Again
A California retiree who lost his $500,000 life savings to a romance scheme known as pig butchering has fallen for the same kind of scam all over again. Adan Look, a retired San Francisco city gardener, started chatting with a new online love interest right after the first scam.