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Zenger
Zenger
Mehab Qureshi

Cryptocurrencies Dip Amidst Fed Interest Rate Hike, Major Bitcoin Investors Hesitate To Buy Or Sell

Bitcoin Crypto Tom Lee
Representation of cryptocurrencies. Major cryptocurrencies witnessed a decline on Thursday evening. (JAKUB PORZYCKI/GETTY IMAGES)

Major cryptocurrencies witnessed a decline on Thursday evening due to the U.S. central bank’s decision to implement 25 basis point interest rate hikes.

Large bitcoin investors holding between 10 and 100 bitcoin, as well as those holding between 1,000 and 10,000 BTC, are currently showing a reluctance to buy or sell more of the asset. 

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