Risk On Assets Jump On Federal Reserve Rate Hike

Cryptocurrency and Bitcoin rally following a 75 basis point rate hike, the fourth consecutive rate hike from The Fed this year. Crypto has become highly correlated with U.S. Stocks, and Global Cryptocurrency market capitalization has once again topped $1 trillion. Interest rates have returned to pre-pandemic levels.

    • The Crypto Market rallies higher following a 75 basis point rate hike Wednesday
    • Crypto has become highly correlated with U.S. Stocks, in particular, the NASDAQ
    • Federal Reserve Chair Jerome Powell suggested that the pace of rate rises could slow
    • Global Cryptocurrency market capitalization has once again topped $1 trillion

The Federal Reserve has hiked rates for the fourth consecutive time this year after the Consumer Price Index revealed that inflation hit a new 40-year high of 9.1% in June. The U.S. Bureau of Labor and Statistics said that gasoline, shelter, and food price increases were the biggest contributor to the rise.  In response to …

Risk On Assets Jump On Federal Reserve Rate Hike Read More »

 

To view the rest of this page you need to have a subscription and be logged in.

You can login below or view our subscription options here.

Similar articles

Morgan Stanley Bullish on Chinese Assets | UBS Predicts Asia M&A Pick Up in Latter 2023

SBF Pleads Not Guilty to 8 Criminal Counts | Could Face Up to 115 Years

Mastercard Partners With Polygon

Shopify Merchants Can Now Sell Avalanche NFTs Through Online Storefronts

© 2022 Platypus Terminal | Terms of Use | Privacy Policy | Disclaimer | Cookies Policy

© 2022 Platypus Terminal | Terms of Use | Privacy Policy | Disclaimer | Cookies Policy

Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Anything discussed is for informational purposes only and does not address the circumstances or needs of any particular individual or entity. Investing in Cryptocurrencies is high risk. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.