The Federal Reserve’s recent interest rate hike has impacted crypto markets on the whole.
The price of Bitcoin fell below $19,000 on Wednesday, September 22, following the Federal Reserve’s 75 basis point rate hike. Despite initially rebounding to $19,500, Bitcoin again dropped to $18,900. BTC is currently trading at $18,690.01, a decrease of 1.41% in the last 24 hours.
Ethereum has also dropped to $1,260.92 and is down 5.48% in the last 24 hours. The Federal Reserve’s announcement left all major altcoins in the red, with the exception of XRP, which has been rising in the wake of its potential legal victory against the SEC.