(BTC) surged more than $ 2,000 on December 15 as markets reacted quickly to news that the United States Federal Reserve would raise interest rates and reduce its bond purchase program beginning in 2022.
1 hour candlestick chart for the pair (Bitstamp). Source: TradingView “More or less what we were thinking” Data from Cointelegraph Markets Pro and TradingView showed that BTC / USD reached $ 49,310 on Bitstamp, its highest level since Sunday when the price briefly surged above $ 50,000 .
The boost came after the Federal Reserve hinted that it could raise its benchmark interest rate three times next year, beating investors’ expectations. The pace of the reduction in asset purchases will also increase, the central bank said.
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