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What Federal Reserve's hawkish tilt means for Bitcoin
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cnbctv18.comBitcoin's relief rally--after the US Federal Reserve's hawkish tone amid the new Omicron threat--seems to be fizzling out, as the largest cryptocurrency by market cap declined over 3.5 percent to $47,000.Bitcoin had climbed over $4,000 to $49,000 on Wednesday, when the US central bank set the stage for raising interest rates earlier than expected, taking away the stimulus that had propped up the markets for more than a year-and-a-half. Its projections show interest rates can rise to 0.90 percent by the end of 2022, from the current near-zero levels.
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