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Bitcoin rallies above $49K following Fed FOMC announcement of rate hikes in 2022 -Breaking

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© Reuters.

(BTCThe ), jumped by more than $2,000 on December 15, as the markets quickly responded to the news that US Federal Reserve would increase interest rates and reduce its bond-buying program beginning in 2022.

1-hour candlechart (Bitstamp). TradingView

From Cointelegraph Markets Pro TradingViewBitstamp recorded BTC/USD reaching $49,310. This is its highest level since Dec. 12, 2018, when the price briefly rose above $50,000.

1-hour candlechart (Bitstamp). TradingView