Tabassum ShaikhNov 24, 2021 · 3 years ago8 answers What effect did the Fed raising interest rates in 2016 have on the cryptocurrency market?
In 2016, when the Federal Reserve raised interest rates, how did it impact the cryptocurrency market? Did the interest rate hike affect the price of cryptocurrencies? Were there any noticeable changes in trading volume or investor sentiment? What were the reactions of major cryptocurrencies like Bitcoin and Ethereum to the Fed's decision? How did the market dynamics change after the rate hike?