NFT News by Thebittimes.Com

During the European session, the Bitcoin price prediction remains bullish following the Federal Reserve's interest rate decision.  After three consecutive "jumbo" rate hikes of 0. 75 percentage points each, the Federal Reserve finally announced another rate increase on Wednesday, this one a full 0. 75 percentage points higher in an effort to slow inflation. While a rise in interest rates can reduce inflation by discouraging consumers from taking on new debt, it will also increase the debt service payments of Americans who are already struggling to keep up with the rising cost of living, which includes food, clothing, and shelter. Consumer Price Index numbers show that year-over-year inflation has remained persistently high, falling from a June high of 9.1% to 8.2% as of September. That's far more than the 2% inflation target set by the government. Bitcoin Price Prediction – How High Can BTC Go as it Pumps Past $20,000? With a 24-hour trading v...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has been on an impressive rally after 7% gains over the past two days. At the time of writing, Bitcoin was trading at $20,592. As traders get excited about a possible bull run as the year ends, there is a possibility that Bitcoin could head to $30K. Bitcoin price analysis During the past 24 hours, Bitcoin has traded between  $20,430 and $20,938, indicating a spike in volatility. Over the past few weeks, Bitcoin’s volatility has been notably low, with the Bitcoin Volatility Index dropping to multi-year lows. However, volatility has spiked, as seen in the chart below, showing that the coin could be in for significant swings. Bitcoin is currently holding a crucial level of $20,500. If it retraces below this level, $20K will likely be tested again. Bitcoin will likely plunge again to the $20K levels if this support level fails to hold. Nevertheless, there are top reasons that could see Bitc...

According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a 75bps raise. Despite the market expecting an aggressive Fed, an analyst from investors.com believes the Fed will pivot by December depending “on how financial markets act between now and then.” Philadelphia Fed President: ‘Inflation Is Known to Shoot up Like a Rocket and Then Come Down Like a Feather’ It seems pretty certain that the U.S. Federal Reserve will raise the federal funds rate (FFR) by roughly 75bps, according to various reports and CME’s Fedwatch Tool. That’s despite the fact that politicians and a recent United Nations Conference on Trade and Development (UNCTAD) report have urged the Fed to slow down. Analysts from the...