{"id":512412,"date":"2022-12-15T01:48:53","date_gmt":"2022-12-15T06:48:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=512412"},"modified":"2022-12-16T09:44:50","modified_gmt":"2022-12-16T14:44:50","slug":"bitcoin-price-crystal-ball-what-happens-to-btc-after-christmas-2022","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-crystal-ball-what-happens-to-btc-after-christmas-2022\/","title":{"rendered":"Bitcoin Price Crystal Ball – What Happens To BTC After Christmas 2022?"},"content":{"rendered":"
Bitcoin and the broader crypto market rapidly reversed course in response to the U.S. Federal Reserve’s announcement of a 50-basis-point increase in interest rates, erasing any gains made before the disclosure.<\/p>\n
The Federal Reserve has been steadily raising interest rates in an effort to ease the economy and rein in inflation, which has driven prices of basic commodities to record highs.<\/p>\n
Yesterday, Bitcoin’s price reached a one-month high and had a brief recovery of positive momentum, but a conservative report from the Federal Open Market Committee (FOMC)<\/a> and remarks from Fed chair Jerome Powell drove BTC to an intraday low of $17,659.<\/p>\n