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Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After

The cryptocurrency fell to $20,270 after the Fed's statement but rebounded shortly after.

Updated May 11, 2023, 4:56 p.m. Published Jun 15, 2022, 8:49 p.m.
Federal Reserve Chair Jerome Powell at a press conference on June 15, 2022. (Source: Federal Reserve)
Federal Reserve Chair Jerome Powell at a press conference on June 15, 2022. (Source: Federal Reserve)