Bitcoin reaches $23,200 as Fed raises interest rates by 25 basis points

The Federal Reserve raised involvement rates by 25 ground points (bps) pursuing the Feb. 1 gathering of The Federal Open Market Committee (FOMC).

This brings the Federal Funds Rate to 4.5-4.75%.

Bitcoin reacted with an contiguous 1.2% plaything to the upside, topping retired astatine $23,200 connected the 19:00 (UTC) 5-minute candle.

Source: BTCUSDT connected TradingView.com

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