Bitcoin (BTC) held steady on Thursday after the Bank of England raised its benchmark interest rates by 50 basis points (bps) to 2.25% in a continued fight against inflation. The BOE's second straight 50 bps move came a day after the Federal Reserve delivered its third consecutive 75 bps rate hike and signaled a higher terminal rate or peak rate of 4.6%. The BOE said the inflation peak is likely to be lower than projected in August, at just under 11% and maintained that its policy isn't on a preset path. The Swiss National Bank also lifted its borrowing cost by 75 basis points early during the day, exiting the ... (full story)