Volatility spikes across the crypto market after the Fed raises interest rates by 75bps

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Bitcoin BTC Bitcoinprice Ethereum Volatility spikes across the crypto market after the Fed raises interest rates by 75bps

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Overall, it appears that the rate hike announcement was largely priced in, with traders maintaining their current positions after the afternoon failed to produce any unexpected developments. Bulls still have work to do; however, as bears still remain in control of the price action according to Kitco senior technical analyst Jim Wyckoff.

 

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