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So far, BTC price not moving.
Silver up nearly 4%.
Platinum up about 2.4%.
WTIC oil down to approx. $35.78 (that's very low).
Dow and S&P500 faltered, but now up over 1% (3:02 PM US ET).
Most other commodities that I have looked at are not moving much, at least yet.
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I am curious to read opinions on how BTC prices may react, this is the first time in "modern BTC history" that Fed Funds rates have been raised.
In finance the way they would question this relationship is through Beta correlation. The numbers would then do the talking for you.
https://en.wikipedia.org/wiki/Beta_(finance)
In our opinion, a corresponding price increase in Bitcoin reflects speculative activity (perhaps based off news) as opposed to any single specific announcement. There is a greater Beta to Bitcoin's price when you look at press coverage mentions of Bitcoin.