Major cryptocurrencies Bitcoin and Ethereum posted 0.7% gains on Thursday morning, signaling investor resilience following the Federal Reserve's decision to raise interest rates.
Bitcoin and Ethereum prices climbed 0.7% in early Thursday trading as markets reacted to the Federal Reserve's first interest rate increase in three years. Despite recent volatility linked to legislative setbacks, both assets maintain strong monthly gains of 21.2% and 28.9% respectively.
Following the Fed's decision to raise rates, both Bitcoin and Ethereum saw an immediate 0.7% increase in their opening prices as investors digested the news.