Bitcoin, DXY suffer the most following FOMC meeting

Quick Take

• BTC is down 2.5% since the Federal Reserve raised interest rates by 25bps
• DXY is now trading at 102.5
• Gold performed exceptionally well, extending its rally by 1%
• Powell said, “we no longer expect that ongoing rate increases will be appropriate”.
• Fed Funds futures are pricing in no more rate hikes this year.

The post Bitcoin, DXY suffer the most following FOMC meeting appeared first on CryptoSlate.