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First Mover Asia: As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K

From coindesk.com

Bitcoin spent much of Thursday regaining ground lost in the fitful aftermath of the U.S. central bank's latest interest rate hike a day earlier. The largest cryptocurrency by market capitalization was recently trading around $19,350, up about 5% over the past 24 hours. BTC dipped below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following the Fed's 75 basis point increase, but crypto investors started to return in Thursday's early hours. Ether was recently changing hands at about $1,330, a 7% gain from the previous day when it dropped below $1,250 for the first time since July. The ... (full story)

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  • Category: Fundamental Analysis