In line with market forecasts, the Federal Reserve meeting the Federal Open Market Committee (FOMC) raised the standard federal funds rate by 25 basis points to a range of 4.5 per cent and 4.75 per cent.

In the past few days, the price of BTC has been hovering in a small range of around $23000, and the price of Bitcoin (Bitcoin) remained within that range shortly after the release of the information.

Because most of the 25 basis points increase is reflected in prices, the market is looking for clues in the accompanying policy announcements to confirm whether the people's Bank of China is deciding to suspend its monetary tightening cycle. For now, this does not seem to be the case, and the Federal Open Market Committee says it will be necessary to raise interest rates "continuously".

The current price of the interest rate futures market is expected to be the final federal funds rate of 4.94%, indicating that the Fed meeting also raised interest rates by 25 basis points once or twice before tapping on the brakes.

Fed Powell will hold a press conference after the meeting at 2:30 Et.

With Powell's speech, Bitcoin has risen, and traders have noticed that the Fed said, "(the whole process of inflation suppression) begins now." Powell also seems to imply that the policy of raising interest rates is one of the hot topics at today's meeting. Along with Bitcoin, which has risen to $23450, stocks and gold have gone green, while interest rates on the dollar have fallen.

Upgrade at 20:05 UTC:Powell added that the market performed.