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Fed Hikes Rates by 0.25%, Bitcoin Approaches $29,000 Before a Sharp Dump
The Federal Reserve (Fed) has announced a 0.25% interest rate hike, maintaining its aggressive stance despite recent banking sector turmoil, which initially propelled Bitcoin higher. Price Movements of Major Cryptocurrencies at 01:08 AM UTC on March 23, 2023. Source: Coin360 Update: Following the interest rate decision, Fed Chair