BTC Plunges Over 10%, S&P 500 Sinks Amid Fed’s Interest Rate Hike

Name: BTC Plunges Over 10%, S&P 500 Sinks Amid Fed’s Interest Rate Hike
Uploaded: 2022-05-05T20:25:55Z
Duration: 1 min 74 s
Description: After a short-lived spike in response to the Federal Reserve’s 50 basis-point interest rate hike, bitcoin dropped over 10% to its biggest one-day decline in two months.

May 5, 2022

After a short-lived spike in response to the Federal Reserve’s 50 basis-point interest rate hike, bitcoin dropped over 10% to its biggest one-day decline in two months.

Up Next

04:48

Celsius’ Crypto Customers Face New Challenge in Retrieving Deposits

Oct 6, 2022

10:12

Bitcoin Mining Is About to Get Tougher With Difficulty Primed for Another Sharp Rise.

Oct 7, 2022

Crypto Will See 'a Lot More Proactive Enforcement' Thanks to the Four Horsemen of the Cryptocalypse: Columnist

01:28

Video regression for 3.54.0 release [no, no]

Jun 16, 2023

Bitcoin Slips to $42K From Last Week's Yearly High; Ledger CEO on Future of Hardware Wallets

40:07

The last regression video of the year 3.67.0

Dec 12, 2023

View all

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.