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Fed interest rate hike rattles the crypto market: Dig deeper with Market Talks

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cointelegraph.com

In this week's episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist with a strong focus on bitcoin, smart contracts, exchange assets, NFTs, commodities, and global stocks.

Yashu has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon.First things first, the Fed has just announced a 75 basis point increase in the interest rates after which the markets took a tumble.

Why did this happen and what difference does it make to you and why should you be concerned? We ask Yashu to break it down for us.Is Jerome Powell just lengthening the economic pain by slowly increasing interest rates or should he just rip the band-aid off and increase the rate to the year-end target of 4.4%?

What impact would that have on the market and how will the number one cryptocurrency, Bitcoin (BTC), react to it? What is the Fed's actual plan to fight off inflation and is it really working?Is there more pain in store for Bitcoin?

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