CoinScoopFederal Reserve Raises Interest Rates by 25 Bps; Bitcoin Price Surges
The Federal Reserve has raised benchmark interest rates by 25 basis points to a range of 3.75% to 4%, marking the first such increase in three years. The unanimous 12-0 decision follows strong labor reports and hawkish comments from Chair Kevin Warsh. Bitcoin's price reacted positively, surging to $76,500 before stabilizing.
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