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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.

Tech stocks rose following the Federal Reserve's decision to boost interest rates 75 basis points. (Getty Images)

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Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

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First Mover Americas: Bitcoin Steady at $19K as Traders Wait for Fed's Decision

The latest price moves in crypto markets in context for Sept. 21, 2022.

Suspense ahead of Fed Chair Jerome Powell's speech Friday is growing among mainstream and crypto traders. (Scott Olson/Getty Images)

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Decentralized Finance Protocol Coin98 Unveils Native Stablecoin CUSD

The move comes as DeFi platforms such as Curve and Aave race to craft their own stablecoins to attract users and boost growth.

Coin98 joins a growing roster of DeFi protocols crafting their own stablecoin. (Unsplash, modified by CoinDesk)

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Market Wrap: Markets Wait for Fed to Officially Announce What It Has Signaled for Weeks

Absent a huge surprise, markets are expecting interest rates to increase by 75 basis points.

Markets are waiting for the Fed's interest rate decision Wednesday. (Hennie Stander/Unsplash)

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Bitcoin's Pre-Fed Weakness Has Chart Analysts Focused on Support at $18.3K

That's a level where traders who have taken long positions may exit, according to one technical analyst.

El análisis gráfico se enfoca en un nivel de soporte clave cerca de los US$18.300. (geralt/Pixabay)

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Nova Labs Inks Agreement With T-Mobile to Cover 5G Dead Spots in Helium Network

Terms of the five-year agreement with the wireless giant weren't disclosed.

Nova Labs Chief Operating Officer Frank Mong (left) speaks Tuesday on a panel in New York with Gregg Landskov, an executive in T-Mobile's Wholesale division, and Boris Renski, general manager of wireless at Nova Labs. (Lyllah Ledesma/CoinDesk)

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First Mover Americas: Bitcoin Traders Await Fed, Cosmos Is Heating Up

The latest price moves in crypto markets in context for Sept. 20, 2022.

ATOM has risen 10% to about $15.30 since Thursday. (Andrew Valdivia/Unsplash)

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XRP, Ether Lead Recovery in Crypto Majors as Markets Prepare for Outsized Fed Hike

The U.S. central bank is expected to again hike rates by 75 basis points on Wednesday.

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)

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Terra Co-Founder Do Kwon’s Legal Troubles Unlikely to Affect Broader Crypto Markets, Analysts Say

However, some traders see increased volatility for tokens related to Kwon in the coming days.

Do Kwon, cofundador de Terraform Labs. (Terra)

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