FED raises rates 75 basis points to 3.25%
The battle against inflation continues...
Long the dollar short everything else.
That has been the only trade that has worked for the last 12 months, well other than a brief period of soaring oil and energy prices.
That trend is likely getting close to reverse, but we are not there yet.
The FED raised rates today to 3.25% marking the 5th rate increase of the year.
(Source: https://twitter.com/BitcoinMagazine/status/1572657686210289664/photo/1)
Bitcoin is going to continue to struggle until the rate increase slow or stop.
That isn't likely to happen for at least another couple months.
Oho.. How to beat inflation ..
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