Bitcoin Price to Climb Beyond $1,300 With Expected US Fed Rates Increase

 On March 3, Federal Reserve Chair Janet Yellen announced at the Executives’ Club of Chicago that the Fed is likely to increase interest rates later this month. As a result, Bitcoin price is also likely to increase, as the value of reserve currencies including the Japanese yen and Chinese yuan falls.When the Fed increases its rates, the value of the US dollar naturally increases. Even with a speculation or a forecast from the Federal Reserve, the value of the yen, yuan and the Korean won would fluctuate.Yellen announced:

“We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect. Indeed at our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations. In which case, a further adjustment of the federal funds rate would likely be appropriate.”https://cointelegraph.com/news/bitcoin-price-to-climb-beyond-1300-with-expected-us-fed-rates-increase