After skyrocketing earlier this week, Bitcoin fell to just above $27,000 on Wednesday afternoon as the Federal Reserve announced a rate hike of a quarter of a percentage point.
After reaching an intraday high of $28,803 before the Fed’s announcement, the most popular cryptocurrency dropped about 3.5%, to $27,100, on the news. Fed Chairman Jerome Powell also indicated that a rate cut was not likely for the rest of the year.
