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

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

“Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra’s UST stablecoin,” Edward Moya, a senior market analyst at Oanda, said. “Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses, Tether will crash.”


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