Major cryptos slide after Fed’s 75 bps rate hike
The US Federal Reserve (Fed) announced that it will continue with its aggressive monetary policy to fight inflation, and both crypto and traditional markets tanked following the decision.
Bitcoin, the largest cryptocurrency by market cap, was trading at $ 20,150, down by about 1.5 percent, while Ethereum was trading around $ 1500 odd levels, down over 4 percent. Tiptoeing the broader financial markets, other cryptocurrencies like BNB and Ripple too were down 1.3 percent and 2 percent respectively. Read full here
