After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago when the pandemic began, signaling a tremendous effort by the Fed to curb inflation and ease looming recession fears. Bitcoin and Ethereum Price Incurs Significant Losses This Week Despite holding support today, Bitcoin (BTC) and Ethereum (ETH) are still down over 30% this past week,
The post Bitcoin and Ethereum Price Manage to Hold Support as Stock Markets Jump Briefly appeared first on The Merkle News.
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