Breaking: Bitcoin (BTC) Remains Close to $30K as Fed Stays the Course on Rate Hikes

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Breaking: Bitcoin (BTC) Remains Close to $30K as Fed Stays the Course on Rate Hikes
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The move was mostly in line with Wall Street's expectations Bitcoin

has remained steady at around $28,600 on the Bitstamp exchange following the announcement that the US Federal Reserve would be raising interest rates by 25 basis points.

The unanimous vote for the 25 basis point increase indicates that further tightening is possible, with projections implying one more 25 basis point rate hike this year.

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