Cointime reports: Bitcoin declined within 30 days in all seven instances since 2016 when the Federal Reserve resumed raising rates after a one-meeting pause, with a median drop of 2.4%, a study found. The study cited 2018 as the closest parallel, when bitcoin fell 42% between the U.S. midterm elections and the December rate hike. The sample covers only seven cases and past performance does not guarantee future results.
Study: Bitcoin Fell Within 30 Days in All 7 Fed Rate-Hike Restarts Since 2016
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