Market Wrap: BTC, stock rally in the late session after interest rate increase of the Fed

Market Wrap: BTC, stock rally in the late session after interest rate increase of the Fed

! Function () {"Use strict"; Window.Addeventlistener ("Message", (function (e) {if (void 0! == e.data ["datawrapper-Height"]) {var t = document.queryselectorall ("iframe"); for (var a in E.Data ["Datawrapper-Height"]) for (var r = 0; r After a long expectation, the FED finally announced an interest rate increase by 0.25 % on Wednesday. The increase corresponded to expectations, but the first reaction of the market was negative. The opening declaration of FED chairman Jerome Powell admitted that inflation was well above the target area and blamed the restrictions in the supply chain.

"Inflation remains significantly above our long-term goal of 2 percent", said Powell . "The overall demand is
strong, and bottlenecks and delivery bottlenecks limit how quickly production can react."

"We understand that high inflation has considerable difficulties, especially for those who are least able to bear the higher costs for vital things such as food, accommodation and transport."

Today's meeting of the Federal Open Market Committee (FOMC) is the first of eight this year, said Powell, and the Fed plans to increase the interest from session to session.

While the shares experienced a decline immediately after the interest rate increase, they later recovered, with the S&P 500 recording a profit of 2.24 % that day. The NASDAQ rose late at the session and ended the day with an increase of 3.7 %, while the Dow added 1.55 %.

Bitcoin had a bumpy day before the interest rate increase, which indicated that investors were divided on the possible effects of the interest rate on the cryptoma markets, but ended the trading times of the shares with an increase of 5.19 %. Bitcoin has recently experienced a number of higher lows and lower highs, which indicates that a large volatile upward or downward movement on the horizon is imminent.

aave, a decentralized financial platform that enables crypto lending and borrowing, was the greatest winner of the day among the top 100 coins after market capitalization.

Top stories

Story: New Digital Asset Manager is hiring 600 new employees for the first Ethire

• The founder of Digital Funds, Michael Willis, said that he expects digital assets to "replace the financial legacy system"
• The company plans to apply for a spot bitcoin ETF and other cryptofocussed products

story: The Fed increases interest rates by a quarter percentage point

• The Central Bank announced seven further interest rate increases this year
• Inflation will probably not go back before mid -2022, said Powell

story: HSBC buys virtual real estate in sandbox metaverse

• "The metaverse is how people will experience web3 [and] the next generation of the Internet," said Suresh Balaji from HSBC
• The rival Megabank JPmorgan has revealed a virtual lounge in the blockchain-based world Decentraland
last month

Story: The Y-combinator from Web3 draws a record number of dao startups

• "It looks like [The Vast Majority of] Faang engineers and web3 founder [Want] to incorporate DAO tools," Qiao Wang told Alliance
• Ink Finance in particular makes Dao's mergers and takeovers

go forward

The impending initial rate increase is finally over, and investors sigh relieved that the markets have largely increased. However, the conflict in Ukraine and its effects on general geopolitics will continue to ensure uncertainty in the markets. Investors should assume that volatility is a load -bearing pillar of the current market dynamics.

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The Post Market Wrap: BTC, Stocks Rally in Late Session Following Fed’s Rate Height is not a financial advice.