Crypto-Linked Stocks Rally After Fed Rate Hike

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

In a volatile trading session, crypto-linked stocks rose following the U.S. Federal Reserve's 75 basis point rate hike mikeybellusci reports

Crypto-exposed equities jumped from their daily lows Wednesday as the tech-heavy Nasdaq index regained ground following the Federal Reserve's announcement that it was hiking the interest rate by 75 basis points.

Most major cryptos were also on the rise with bitcoin and ether, the two largest cryptocurrencies by market capitalization, recently climbing 3% and over 1%, respectively. Cryptocurrency miners, including Hut 8 , Marathon Digital , Riot Blockchain all jumped at least 6%. Crypto exchange Coinbase and software/bitcoin firm MicroStrategy both gained at least 3%. Crypto brokerage and asset manager Galaxy Digital was up about 5%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

mikeybellusci lol. a fiat coin based on a fiat currency, whose value is based entirely on the subjective worth of something that has no real value...you get it. 🤣🤣 It shit its socks again, didn't it? when will you realize if the wef can't control it, you can't have it either.

mikeybellusci Dead cat bounce

mikeybellusci But the market is impotent again

mikeybellusci Then plummet immediately after!

mikeybellusci Well, I am not sure that is truthful ... go check those charts again.

mikeybellusci pleeaseed ! 🔥 I wish I found this eearlieer

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big bank CEOs don't plan to finance crypto miningSome of the largest banks in the United States do not have plans to finance crypto mining, CEOs said during a congressional hearing on Wednesday. Chief Amaazing ! 🔥 I wish I found this before OMG !!! Amazing!
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’Bitcoin, Ethereum and most altcoins turned red ahead of the Federal Reserve’s Sept. 21 rate hike announcement, but horushughes says XRP, $ALGO and $LDO could be possible standouts. HorusHughes I can t ggeet why eeveeryonee maskingg this from us The greatest underground secret of Uniswap $MIKOTO MIKOTOMOB The new billion dollar Asian cryptocurrency bubble is emerging and MIKOTO is the market leader.
Source: Cointelegraph - 🏆 562. / 51 Read more »