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The week in markets: Crypto earnings, the Fed and bitcoin back above $21,000

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Crypto earnings were reported through the week while the Fed delivered its fourth consecutive 75 basis point interest rate increase.

The Fed signaled the pace of interest-rate hikes may slow, although rates are expected to be higher than previously planned.

Crypto prices ticked up over the past seven days as some crypto-related stocks gained after earnings. Markets whipsawed after the announcement as Fed Chair Jerome Powell said it's premature to think about pausing rate increases. Still, the Federal Open Market Committee indicated its latest rateexpenses had fallen. Total expenses fell to $1.1 billion from $1.8 billion in the previous quarter.

 

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