Home » Business » Bitcoin Weekend Downtrend … Expected to rise to $ 68,000 despite rising interest rates

Bitcoin Weekend Downtrend … Expected to rise to $ 68,000 despite rising interest rates

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Bitcoin (source = Pixar Bay)

Bitcoin is falling.

At 10:39 pm on the 25th, Bitcoin is trading at 27,161,000 wins, down 1.00% (283,000 wins).

Bitcoin has been in trouble since the US Federal Reserve (Fed) announced its benchmark interest rate.

At the Federal Open Market Committee (FOMC) meeting held on the 22nd, the Fed raised the benchmark interest rate by 0.75 percentage points, taking the third consecutive giant step.

Fed chairman Jerome Powell said in a press conference shortly after the meeting that “the FOMC is committed to reducing inflation to 2% and will be strongly committed to achieving it.”

MicroStrategy President Michael Sailor, a leading Bitcoin advocate in Silicon Valley, predicts Bitcoin will return $ 68,000 within four years.

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