Tag: us fed rate hike

[ad_1] Cryptocurrencies fought off declines triggered by another large US Fed interest-rate hike, though sentiment remained cautious. Cryptocurrencies fought off declines triggered by another large Federal Reserve interest-rate hike, though sentiment remained cautious given the central bank's warning of economic pain ahead from tightening policy. Bitcoin, the largest token, was about 1.2% higher as of 10:50 a.m. in London on Thursday after earlier sliding as much as 4% toward levels last seen in 2020. Second-biggest coin Ether continued to underperform, shedding 2%. Markets are shuddering at the Fed's determination to fight inflation by constricting financial conditions. Shorter maturity Treasury yields jumped more than ...