BTCUSDT
The Federal Reserve announced it was raising its key interest rate by 0.75 percentage points, the latest increase takes the bank's benchmark lending rate to 3.75% - 4%, a range that is the highest since January 2008. Bitcoin is down 1.52% over the last 24 hours and fell to an intraday low of $20,060.12. The largest cryptocurrency briefly notched a daily high at $20,800 before the Fed's announcement as the market was hoping the Fed could slow down the rate hikes. But Bitcoin price fell after the announcement because the Chair Jerome Powell said: “it was premature to think about pausing and that the peak for rates would likely be higher than previously expected.” The BTC /USDT pair is trading slightly above the $20,000 level, the buyers must hold the pair above this level in order to avoid further decline.