Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike

Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike

Bitcoin (BTC) saw instant volatility on Nov. 2 as the United States Federal Reserve enacted a fourth consecutive 0.75% interest rate hike.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Fed hints more hikes to come

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD initially dropping to $20,200 before momentarily rebounding to $20,800.

The Fed confirmed the 0.75% hike, which marks its most intensive hiking schedule in forty years, in a statement shared on behalf of…


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