By How Many Points Will the FED, Crashing Bitcoin, Increase Interest?

Cryptocurrency sector has experienced a serious decline as of November. Although the main reason for these declines was the bankruptcy of the FTX stock market, the most important actor in this process to come this far was the Federal Reserve Bank (FED). The FED, which brought a great collapse in the crypto money sector and traditional financial markets with the falcon interest rate hikes, is gradually softening in interest rate increases. The FED will make the new rate hike on the evening of 14 December. According to FED Chairman Jerome Powell this evening, the Fed will soften the rate of increase in interest rates. The US Federal Reserve, which has been increasing interest rates by 75 basis points for months, will increase by 50 basis points as of December, according to the latest estimates.

Although there is a possibility that the FED will increase interest rates by 75 basis points in December, it can be seen that this rate is as small as 22 percent. In the scenario where the FTX exchange did not go bankrupt, the leading cryptocurrency Bitcoin was pushing the $ 30 thousand point, which has exceeded the resistance of $ 25 thousand as of now. BTC, which is in a big capitulation phase, needs to rise above $ 20 thousand in the future. If Bitcoin exceeds $ 20 thousand, it can start a great uptrend, and not exceeding this level can bring a decrease to the range of $ 12 thousand – $ 14 thousand.