Bitcoin Drops Below $83,000: Four Interest Rate Hikes Expected from the Fed by 2027
The price of Bitcoin has fallen below $83,000 amid expectations that the US Federal Reserve (Fed) will raise interest rates four more times by 2027. This, coupled with rising bond yields and a strengthening dollar, is putting pressure on risky assets. In addition to Bitcoin, gold prices are also falling, currently trading around $4,200 per ounce.