Bitcoin price pushes upwards as investors wait for latest rate hike decision

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City AM

By Darren Parkin Bitcoin is trading comfortably above $28k and closer to $29k this morning, while Ethereum (ETH) is trading in the green for $1,866. The rest of crypto is mostly flat, either trading slightly in the red or just in the green. Job openings figures from the US came in lower than expected yesterday, meaning that the Fed’s aggressive rate hikes may be working as intended in cooling the US economy. Most analysts expect the Federal Reserve to raise interest rates by another 25 basis points (0.25%) today, but the institution also has to consider First Republic’s collapse on Monday – th…

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