Bitcoin Drops to $27,487 as Fed Raises Interest Rates to Curb Inflation, Prolonged Ukraine War
Crypto markets have been in turmoil after US inflation soared to 8.6 percent in May, which could pressure the Fed to raise interest rates to 0.75%, above expectations of just 0.50%, while the protracted Russia-Ukraine war remains unresolved. Repeatedly, intensifying the violence Investors sell to reduce the risk. Bitcoin price dropped $ 28,000 at $ … Read more