What Happens to Bitcoin (BTC) When Fed Benchmark Rate Hits 7%?26 Sep 2023—CoinChapter
Key Takeaways:
The Federal Reserve is likely to increase interest rates once again before the end of 2023
Currently, the benchmark interest rate stands at 5.5%
Continued interest rate hikes aimed at curbing inflation will hurt the Bitcoin (BTC) price
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YEREVAN (CoinChapter.com) — Will the Federal Reserve benchmark interest rates reach 7%?
The scenario is unlikely anytime soon, but experts already warn of disastrous consequences should that happen. Not only...