Fed Rate Hike Sparks Volatility in Bitcoin Markets
The US Federal Reserve has increased interest rates by 25 basis points to a target range of 3.75% to 4%, causing volatility in crypto markets.
Bitcoin briefly dipped below $75,000 but recovered to around $76,400.
Analysts are divided on the outlook, with some highlighting short-term downside risk from higher interest rates to crypto price action and liquidity.