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Ether Breaks $1.6K on Merge Hype, Crypto Funds Price in July Rate Hike

QCP Capital expects the Fed will raise rates by 75 basis points next week.

Updated May 11, 2023, 5:24 p.m. Published Jul 22, 2022, 12:39 p.m.
Major cryptocurrencies posted gains on Friday with ether breaking the $1,600 level amid a run-up in broader equity markets in Asia and Europe. (Lance Grandahl/Unsplash)
Major cryptocurrencies posted gains on Friday with ether breaking the $1,600 level amid a run-up in broader equity markets in Asia and Europe. (Lance Grandahl/Unsplash)