Bitcoin reclaimed the $80,000 level as investors shrugged off a Fed rate hike, while institutional interest grows with Deutsche Bank preparing to launch crypto custody services by year-end.
Bitcoin climbed back above $80,000 after a Fed rate hike, up 6%.
Ethereum up 6% as part of the broader crypto rally.
Brent crude oil declined to $103.80 per barrel.
Solana's price rose 11% in the week.
Strategy left Bitcoin holdings unchanged and repurchased preferred shares.
Ark Invest sold Coinbase shares as crypto stocks rallied.
Deutsche Bank plans to offer crypto custody for institutional clients by end of year.
Ark Invest sold Circle shares, while Circle unveiled its new Arc blockchain.
Monero is mentioned as the demanded ransom by hackers targeting Revolut.
Strategy bought back 1.42 million preferred shares at a cost of $139.3 million.
Ark Invest sold Bullish shares.
USDC stablecoin mentioned in context of Circle's new Arc blockchain.
Ark Invest sold Bitmine shares.
Kalshi seeks regulatory approval to list perpetual futures on Tesla.
Kalshi seeks regulatory approval to list perpetual futures on Nvidia.
Bitcoin climbed 6% to $80,850 following a 25-basis-point interest rate hike by the Federal Reserve. The broader digital asset market followed suit, with Ethereum and Solana posting significant gains as Brent crude prices retreated to $103.80 per barrel.
The market appears to be staging a relief rally, viewing the 25-basis-point hike as a necessary step to dampen inflation, while declining crude oil prices provided additional support.