Crypto market is rising after the initial decline following the Fed announcement.
Global cryptocurrency markets remained steady on Thursday, September 22, after the US Federal Reserve raised interest rates. Bitcoin has gained nearly 3% on the day, roughly returning to the level it was at before the Fed announcement early Wednesday. At the time of writing, BTC is trading at $19,359.88
Ether also gained along with Bitcoin. Up by 6.05%, ETH is currently trading at $1,344.58. The price of major altcoins is also rising, with XRP rising by 29% in the past day and more than 65% in the previous week. In the past 24 hours, the prices of Cardano, Solana, and Dogecoin have all increased by 5.82%, 5.33%, and 6.87%, respectively.