Published by
Benzinga
Benzinga
Major cryptocurrencies traded mixed Wednesday evening in response to the U.S. central bank’s decision to raise the interest rate by 25 basis points (bps). What Happened: Despite the rate hike, investors remain hopeful that the Federal Reserve will eventually cease its series of interest rate increases, fueling anticipation among market participants. Following the rate hike, Fed Chair Jerome Powell once again expressed the bank’s willingness to consider increasing interest rates. Bitcoin is considerably lower than its peak earlier this month at $31,800. On Monday, BTC briefly fell below the $29…