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Crypto-Linked Stocks Rally After Fed Rate Hike

Cryptocurrency-exposed stocks rose along with bitcoin and ether following the Federal Reserve's announcement Wednesday to boost the interest rate 75 basis points.

Updated May 11, 2023, 4:15 p.m. Published Sep 21, 2022, 7:38 p.m.
Tech stocks rose following the Federal Reserve's decision to boost interest rates 75 basis points. (Getty Images)
Tech stocks rose following the Federal Reserve's decision to boost interest rates 75 basis points. (Getty Images)