Bitcoin falls below $18,000 after Federal Reserve raises interest rates – MarketWatch

Bitcoin falls below $18,000 after Federal Reserve raises interest rates – MarketWatch

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The U.S. Federal Reserve raised interest rates by 50 basis points, or half a percentage, bringing the target range to 4.25 to 4.5 percent, the highest since 2007.

Federal Reserve Chairman Jerome Powell

Mandel Ngan/Agence France-Presse/Getty Images

Bitcoin dipped below $18,000 Wednesday after the Federal Reserve delivered a widely expected rate increase and signaled more hikes were on the way.

The Fed raised interest rates by 50 basis points, of 0.5 percentage point, bringing its target range to 4.25% to 4.5% percent, its highest level since 2007.

The terminal rate, which is the peak…

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