Fed Interest Rate Hike Triggers Pullback, Is Bitcoin Headed For A Weak Finish?

Bitcoin had been riding the euphoric high from the CPI data released on Tuesday which showed that inflation was finally slowing down in the United States. The digital asset had been able to clear $18,000 for the first time since the FTX collapse as a result of this. However, the FOMC announcement that would follow on Wednesday would shock the market back into its shell, sending bitcoin’s price spiraling downwards once more.
Bitcoin Reels From Announcement
Even though the interest rate hike