Fed Rate Hike Rocks the Crypto Market: Dig Deeper with Market Talks


On this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist with a strong focus on bitcoin, smart contracts, exchange assets, NFTs, commodities and global equities. Yashu has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon.

First of all, the Fed just announced a 75 basis point rate hike, after which the markets collapsed. Why did this happen and what does it matter to you and why should you be concerned? We ask Yashu to split it up for us.

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Is Jerome Powell just prolonging the economic pain by slowly raising interest rates or should he just take the bandage off and raise interest rates to the year-end target of 4.4%? What impact would that have on the market and how will the number one cryptocurrency, Bitcoin (BTC), react to it? What is the Fed’s real plan to fight inflation and does it really work?

Is there more pain in store for Bitcoin? With the US dollar soaring, it seems that more and more people are running towards cash and cash-based instruments compared to supposedly riskier assets. If the Fed decides to raise interest rates by another 75 basis points, could Bitcoin fall below the current tech support range of $18,000 – $20,000?

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We also ask Yashu if he is monitoring significant Bitcoin price levels and what they might be, taking into account all the macro factors at play. Will Bitcoin Ever Decouple From the Traditional Stock Market? What would it take for that to happen? Yashu enlightens us with his thoughts on the subject.

Tune in to make your voice heard. We’ll be covering your questions and comments during the show, so make sure you have them handy.

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Market talks with Coffee N Crypto’s Tim Warren stream live every Thursday at 12:00 PM EST (4:00 PM UTC). Every week we have interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So be sure to head over to UKTN’s YouTube page and smash those like and subscribe buttons for all of our future videos and updates.