Crypto

Bitcoin Price Wobbles Before Settling After Fed Raises Rates

Bitcoin Magazine Bitcoin Price Wobbles Before Settling After Fed Raises Rates Bitcoin is down over the past week after traders had bet that the central bank would hike interest rates. This post Bitcoin Price Wobbles Before Settling After Fed Raises Rates first appeared on Bitcoin Magazine and is

Source: Bitcoin Magazine

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DW NOTE

The Fed hiked into a supply shock that has nothing to do with demand. The Strait of Hormuz has been effectively closed since February, Brent is at $105, and the IEA expects global oil supply to fall 6% this year. Raising rates doesn't reopen shipping lanes — it just makes the recession deeper when it arrives.

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