Breaking: Crypto Market Bullish As Fed Hikes Interest Rate On Expected Lines

Following a spell of uncertainty over Fed’s interest decision, the crypto markets reacted positively shortly after the decision was announced. The Fed hiked interest rate by 75 basis points, anticipating that the ongoing increases would be appropriate. The decision came in line with a widespread prediction of rise by 75 basis points. In this context, Bitcoin and Ethereum prices rose by 2.17% and 3.98% respectively.