![Bitcoin [BTC] loses grip on $28k as rate hike continues, undeterred](https://statics.ambcrypto.com/wp-content/uploads/2023/03/po-2023-03-23T073741.604.png)
The FOMC increased interest rates by 0.25, leading to BTC’s price drop On-chain analysts and Bitcoin maximalists maintained a bullish stance Bitcoin’s [BTC] price fell below the $28,000 threshold following the release of the U.S. Federal Open Market Committee (FOMC) decision on interest rates. The FOMC is the country’s Federal Reserve division responsible for evaluating […]