Fed Rate Hike Rocks the Crypto Market: Dig Deeper with Market Talks


On this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at TSWT with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, non-replaceable tokens, commodities and global equities. Gola has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon.

For starters, the US Federal Reserve just announced a 75 basis point rate hike, causing the markets to collapse. Why did this happen, what does it matter to you and why should you be concerned? We asked Gola to split it up for us.

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Is Fed Chair Jerome Powell just extending the economic pain by slowly raising interest rates, or should he just peel off the bandage and raise interest rates to the year-end target of 4.4%? What impact would that have on the market and how will the number one cryptocurrency, BTC, react to it? What is the Fed’s real plan to fight inflation, and does it really work?

Is there more pain in store for Bitcoin? With the US dollar soaring, it seems that more and more people are running towards cash and cash-based instruments compared to riskier assets. If the Fed decides to raise interest rates by another 75 basis points, could Bitcoin fall below the current tech support range of $18,000 – $20,000?

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We also ask Gola if he is monitoring significant Bitcoin price levels, and what they could be, given all the macro factors at play. Will Bitcoin Ever Decouple From the Traditional Stock Market? What would it take for that to happen? Gola enlightens us with his thoughts on the subject.

Tune in to make your voice heard. We’ll be covering your questions and comments during the show, so make sure you have them handy.

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Market talks with Coffee N CryptoTim Warren’s live streams every Thursday at 12:00 PM ET (4:00 PM UTC). Every week we have interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So be sure to head over to TSWT’s YouTube page and smash those Like and Subscribe buttons for all of our future videos and updates.