https://www.tradingview.com/chart/BTCUSD/59GVpWLh-BTC-PRICE-UPDATE/
Bitcoin price action receives a welcome boost to $49,000 shortly after the Fed confirms rate hikes and a reduction of its bond purchasing policy in 2022. Bitcoin ( BTC ) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond-buying program starting in 2022."Kind of what we were thinking"
Data showed BTC /USD hitting $49,510 on Bitstamp , its highest since Dec. 12, when the price briefly popped above the $50,000 mark.
The momentum came after the Fed hinted that it could raise its benchmark rate three times next year, surpassing investor expectations. It would also increase the pace of its asset purchasing taper.
Concerns previously focused on such plans having a negative impact on both traditional and crypto markets, thanks to drying up of the "easy" availability of liquidity. In the event, however, it seemed that the information lay uncertainty over the policy to rest.