The cryptocurrency markets and the US equities markets witnessed revenue-booking this week as the macroeconomic info hinted toward persevered rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the S&P 500 fell 2.7% to document its worst week of the year.
The CME FedWatch Tool displays a 73% likelihood of a 25 foundation aspects rate hike by the Fed within the March assembly nevertheless after the warmer-than-anticipated inflation readings in two weeks, the chance of a 50 foundation point rate hike has began to slowly be triumphant in traction.
© Reuters. 
