Federal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600

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The Fed­er­al Reserve on Wednes­day hiked its bench­mark inter­est rate by anoth­er 75 basis points after its reg­u­lar­ly sched­uled Fed­er­al Open Mar­kets Com­mit­tee meeting. 

As usu­al, Bit­coin expe­ri­enced volatil­i­ty upon the announce­ment, imme­di­ate­ly soar­ing by over $200.

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