This Week in Coins: Ethereum Takes Another Week of Losses, XRP Soars

This week in coins. Illustration by Mitchell Preffer for Decrypt.

The prices of crypto market leaders Bitcoin and Ethereum dipped on Wednesday following news that the United States Federal Reserve was hiking interest rates by another 75 basis points to stem the effects of inflation. 

Back in June, when the Fed first raised interest rates by 75 basis points this year, many remarked that the hike was the steepest of its kind from the central bank since 1994. 

In July, the Fed called another…


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