The 75 basis point rate hike helps the Fed 'regain credibility in the market,' Globalblocknews's MarcusSotiriou says. But the increase in fund rates might not slow down inflation just yet. Watch his analysis:
GlobalBlock Market Analyst Marcus Sotiriou discusses the possible macroeconomic factors impacting the crypto markets as the Fed raised interest rates by 75
basis points and BTC hovers around $21,000. Plus, Sotiriou explains what could’ve led Celsius to halt withdrawals for users, describing it as “human error in crypto.”
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