Bitcoin Price Prediction: BTC Dips Nearly 3% in Response to Federal Reserve's 25 Basis Point Rate Hike

Bitcoin's current trading price is 29,464, indicating a slight 0.50% increase on Thursday. However, the cryptocurrency faced a notable dip of nearly 3% in the last seven days in response to the Federal Reserve's decision to raise the federal funds rate by 25 basis points. Despite the economy experiencing moderate growth, the central bank's move to tighten monetary policy has led to some downward pressure on Bitcoin's price. ...