Bitcoin Price Forecast as Fed’s Logan Calls For 2 More Rate Hikes – Can BTC Hold $75K?
By Muthoni Mary
Bitcoin (BTC) price is now down by 4.36% in one week, as it trades at $77,149 at the time of writing. The drop comes after sentiment weakened following the biggest hack in crypto history. During the week, Bitcoin price also saw a bout of volatility following the Federal Open Market Committee (FOMC) meeting where the…
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Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinFederal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Bitcoin
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