0.75% Fed rate hike for Bitcoin and altcoins by Cointelegraph

This is why a 0.75% Fed rate hike could be huge for Bitcoin and altcoins.

The S&P 500 and the index suffered their worst weekly performance since June as investors worried that the Federal Reserve would need to continue its aggressive monetary policy to curb inflation, which could trigger a recession in the United States.

(BTC) is closely linked to the S&P 500 and is on track to fall more than 9% this week. If this correlation continues, Goldman Sachs (NYSE: ) strategist Sharon Bell warned that a strong bullishness could cause more pain to cryptocurrency markets. .

Daily View of Crypto Market Data. Source: Coin 360