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As Fed hikes rates to highest since 2008, Bitcoin and gold shine amid banking crisis
By James Van Straten at 2026-05-04 16:03
Sentiment: Negative
Quick Take The Fed’s 25bps hike was expected, with a hawkish tone: “Some additional policy firming may be warranted.” That takes the fed funds rate to 5.00-5.25% — the highest level since the GFC 2008. After Powell spoke, regional banks continued their spectacular collapse, and PacWest more than halved in extended trading when news came […] The post As Fed hikes rates to highest since 2008, Bitcoin and gold shine amid banking crisis appeared first on CryptoSlate. Continue reading...
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