Home Cryptocurrency As the Fed raises rates, ether, USDC loan yield pays less than T-bills; Bitcoin rises, holds more than 19 thousand dollars

As the Fed raises rates, ether, USDC loan yield pays less than T-bills; Bitcoin rises, holds more than 19 thousand dollars

by SuperiorInvest

The largest cryptocurrency by market cap recently traded around $19,350, up roughly 5% in the past 24 hours. BTC fell below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following a 75 basis point hike by the Fed, but crypto investors started to bounce back in the early hours of Thursday.

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