Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After

Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After


“Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra’s UST stablecoin,” Edward Moya, a senior market analyst at Oanda, said. “Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses, Tether will crash.”

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend