Fed rate decision at 7 pm: rates at 3.75 to 4 percent after a hike

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The US key rate stands at 3.75 to 4 percent, and it got there through a hike. What this evening's decision means for leverage, holding periods and the purchase route.The US central bank announces its rate decision this evening at 7 pm Central European Time. The key rate stands at 3.75 to 4 percent, and it did not arrive there in September through a cut but through a hike. Anyone holding Bitcoin therefore has a different question to answer today than in the months before. It is how much further tightening their own portfolio can take. Bitcoin is trading at $81,352 this morning, up 1.7 percent within 24 hours (CoinGecko). That leaves a loss of around 2.7 percent for October. The decision itself takes a second, the reasoning half an hour longer. Both land in a market that works with leverage. Fed rate decision at 7 pm: the key rate stands at 3.75 to 4 percent The Federal Open Market Committee, or FOMC, is the body of the US central bank that decides the key rate. According to the F...