Crypto Rises Following Fed Rate Hike

Crypto Rises Following Fed Rate Hike

The price of Bitcoin and ether rose on Thursday following the Fed’s interest rate hike. The price of bitcoin rose 4.6 percent to $28,418.61, and ether rose 4.9 percent to $1,822.70. Analysts will be watching bitcoin’s second weekly close above $25,200 to predict where the cryptocurrency next move. The three major stock indexes closed higher on Thursday following Wednesday’s sell-off. On Wednesday, the central bank raised interest rates by a quarter point and signaled that its policy of rate hikes was coming to an end. The announcement boosted investor confidence that inflation was cooling.


User: Benzinga

Views: 3

Uploaded: 2023-03-24

Duration: 00:37

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