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Overall analytical view of Bitcoin!

BINANCE:BTCUSDT   Bitcoin / TetherUS
On December 15, Bitcoin recovered to the $51,000 range shortly after the Fed's announcement and held a relief rally...

This is attributed to the fact that the results of the Fed's meeting remained at market expectations and that uncertainties were resolved by clearly presenting a schedule for future interest rate hikes.

However, the next day, on the 16th, the UK's sudden announcement of a rate hike dampened investor sentiment in Bitcoin and fell below the 60 million won range again.

The Bank of England (BOE), the UK's central bank, raised its key interest rate by 0.15 percentage points from 0.10 percent to 0.25 percent for the first time among central banks in major countries due to accelerated inflation.

On top of that, the European Central Bank (ECB) froze its key interest rate to 0%, but decided to lower the pace of PEPP's purchase of response bonds in the first quarter of next year from the previous quarter and stop purchasing in March next year.

Among the major countries, the European Central Bank, which is slow in tightening, also seems to be collecting the liquidity it has released since the pandemic. For this reason, some say that the era of austerity has entered.

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