Some chain reactions caused by the Bank of England's interest rate hike:

The policies of major central banks will affect each other. #美联储 may maintain or raise interest rates to keep the US market attractive to global capital.

The Bank of England's interest rate hike is usually a move to deal with inflationary pressure. In order to maintain the competitiveness of the US dollar, the Federal Reserve further #收紧货币 policy.

Sustained high interest rates will make traditional markets more attractive to investors, reduce the inflow of funds into cryptocurrencies, and have a certain suppression on the price of $BTC .