Originally published at: https://www.channel-sea.cc/bitcoin-rises-to-over-40k-as-feds-increase-rate-cryptoslate/
The Federal Reserve has issued a public statement announcing a hike in interest rate after the FOMC meeting. According to the statement, the Committee has decided to “raise the target range for the federal funds rate to 1/4 to 1/2 percent.” It also revealed the plans of ongoing increases when the need arises. Feds hike…