Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

US Federal Reserve Minutes Show More Rate Hikes Coming, Concern About Stablecoin Risks

Crypto markets were volatile in the wake of the Federal Reserve’s decision. Bitcoin dropped below $19,000 but soon rebounded to $19,500, then slid to $18,900. Equities also saw wild swings during Powell’s press conference. At press time, the S&P 500 and Nasdaq traded at around where they opened on Wednesday.

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