What the Fed, inflation, tapering & rising rates could mean for the price of Bitcoin
Jun 17, 2021
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After bottoming on bad news a week ago, Bitcoin and crypto had been rallying heading into yesterday’s Fed meeting, but crypto markets fell slightly alongside other major asset classes following the Fed policy statement, and have remained roughly flat this morning.
Source: Fundstrat, Bloomberg
The Federal Reserve spooked some market participants with its commentary around inflation expectations, tapering and rising interest rates.
Source: Fundstrat, CNBC, New York Times
Inflation has been hot on the markets mind as of late. Recent CPI reports came in higher than some expected, and investors have ...