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Benzinga
Benzinga
Business
Benzinga Contributor

SHOCKING: Bitcoin rises after us s fed relieves the market - You Need To See This

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Bitcoin (CRYPTO: BTC) initially fell after the Federal Reserve’s report on their plans to hike rates for the first time since 2018 by 0.25%. However, after Jerome Powell’s press conference, in which he answered questions on the Federal Reserve’s thoughts, Bitcoin and global markets bounced back.

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