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Tether (USDT) $1.00 -0.01%
Solana (SOL) 150.885794 -2.18%
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Cryptocurrencies: 26307

Markets: 103788

Market Cap: $3,243,668,241,616

24h Vol: $147,397,847,100

Bitcoinist

2023-02-01 01:00:53

Why It Could Be Disastrous For Crypto If The Fed Raises Interest Rates By 50 BPS

Why It Could Be Disastrous For Crypto If The Fed Raises Interest Rates By 50 BPS

The crypto and legacy markets could see a spike in volatility in a few hours. Jeremy Siegel, the Wharton School of Business Professor, told CNBC’s ‘Closing Bell: Overtime’ that “it will be a disaster” if the United States Federal Reserve (FED) increases rates by 50 basis points on February 1, 2023. Related Reading: Bitcoin For

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