BTC Falls From 5-Week High as Traders Continue to Digest Fed Decision – Market Updates Bitcoin News

BTC Falls From 5-Week High as Traders Continue to Digest Fed Decision – Market Updates Bitcoin News

Bitcoin fell from a five-week high on Thursday, as markets continued to react to the latest Federal Reserve interest rate decision. The U.S. Fed moved to increase interest rates by 50 basis points as expected, whilst also laying the ground for a slower pace of hikes in coming months. Ethereum also retreated from recent highs, falling below $1,300 earlier today.

Bitcoin

Bitcoin (BTC) was once again trading below $18,000, as bears reentered the market following the latest Fed…


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