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Bitcoin is in for a long year as traders increase their bets to predict five Fed rate hikes in 2022

3 monthes ago   |   By Business Insider

Bitcoin has tumbled to far below November's high of close to $69,000. Dado Ruvic/Reuters
Bitcoin was attempting to rally this week, but the Fed and Jerome Powell stamped out the rebound.
Markets are now expecting five interest rate hikes in 2022, according to Bloomberg data, following Wednesday's Fed meeting.
Analysts expect unprofitable technology stocks and crypto to stay under pressure for a while yet.
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Bitcoin was attempting to stage a recovery this week after falling dramatically over the last month. But Jerome...
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