Crypto Market News Live Updates 23 Feb: Bitcoin, Ethereum increases after Fed releases the minutes!
Crypto Market News Today Live Updates and Latest News: (23 February 2023): The most recent Fed meeting minutes were released following the financial markets’ recent weeks of increasing their wagers on the Fed tightening. To be more precise, by the end of January, most analysts expected only two additional rate hikes of 25 bps. Yet, markets now indicate a 27% possibility that the Fed would hike interest rates by 50 bps (to 5.25–5.50%) next month. The US economy is still doing well, and inflation is too high. After the news, Bitcoin and Ethereum saw a 24hr surge of 1.44% and 1.51% to $24,541 and $1,671.
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