Bitcoin spikes above $22.2K as Fed votes for 75-basis-point rate hike

Bitcoin spikes above $22.2K as Fed votes for 75-basis-point rate hike

Bitcoin (BTC) charged above $22,000 on July 27 after the United States Federal Reserve enacted another major interest rate hike.

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

Fed: “Appropriate” to keep hiking after July

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting positively to confirmation that the Federal Open Markets Committee (FOMC) had unanimously voted to hike the Fed funds rate by 75 basis points.

“The Committee seeks to achieve maximum…


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