Bitcoin and The Crypto Market All Smiles Following Rate Hike

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The Street

By Rob Lenihan The Federal Reserve (Fed) raised, as expected, its interest rates. Cryptocurrency prices were climbing Thursday following the Federal Reserve’s decision to start raising interest rates for the first time since 2018. The U.S. central bank lifted its benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. Bitcoin was up nearly 2% to $41,073 at last check, according to CoinGecko, while ethereum jumped 5.4% to $2,812 and dogecoin 3.6% to $0.117618. Avalanche soared 14.7% to $80.98. ‘A Massive Cryptocurrency Market Rally’Ryan Detrick, chief market strateg…

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