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Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount

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MARKET WRAP: BTC jumped after the U.S. central bank’s interest rate hike, pushing higher for the second day in a row. GWilliamsJr_CMT and JimmyHe32 report.

Ten-year Treasury yield daily close: 2.73%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atby the Federal Reserve that markets largely anticipated.

“We intend to significantly reduce the size of our balance sheet over time in a predictable manner by allowing the principal payments from our securities holdings to roll off the balance sheet, up to monthly cap amounts,” the Fed said at the time. “Our balance sheet decisions are guided by our maximum employment and price stability goals. And in that regard, we will be prepared to adjust any of the details of our approach in light of economic and financial developments.”

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