Genuinely curious: why did the US rate pause affect Bitcoin price today?

It seems pretty clear to me that the US Fed's decision to pause rate hikes had an immediate impact on the price of BTC. Why is that? I'm not concerned about short term price of BTC or sustainability of USD and whatnot, but rather I'm curious about the economic principles at play in general. Looking to learn something here vs be shilled to please. Thanks!



Submitted June 15, 2023 at 03:09AM by LordBobTheWhale https://ift.tt/KwglQ0H

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