BTC Falls To $35.5K As US Equities Market Tumbles

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After an initial pump in prices following the announcement of a half-point interest rate hike by the Federal Reserve, markets quickly tumbled as investors realised that a 0.5% interest rate hike was still rather high by historical standards. Moreover, there were concerns it may not still not be enough to stave off inflation.

The initial pump was a sign of relief from investors who had expected the hike to be much higher. Bitcoin fell 8% in under 24 hours, dipping below $36,000 before stabilising. The crypto market as a whole dropped 7% within the same time period, with Ethereum losing 7% from yesterday's price and the rest of the top 10 losing between 5% and 9%. The Dow Jones and Nasdaq fell 3.1% and 5%, respectively.

https://decrypt.co/99595/bitcoin-ethereum-continue-fall-losses-deepen-across-crypto-market