No doubt, the interest rate hike by the Federal Reserve comes as a bolt out of the blue for cryptocurrency investors and market players. Several major and prominent cryptos have been responding well after the interest rate announcement on Wednesday. The cryptocurrency market reacted favourably, with the price of Bitcoin (BTC) even breaking through the $24,000 barrier and the rest of the altcoins trading in the green. At the time of writing, the price of bitcoin is up to $24,707, which is an 11.76% rise in the last 24 hours. (coingape)
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