Bitcoin barely reacted to the Federal Reserve’s rate hike. The regulator increased the rate to 5-5.25% in the middle of this week, but BTC did not give up.
In contrast, stock markets retreated under pressure from investors who directed capital out of tech stocks and into gold and cryptocurrencies.
Bitcoin and ether are back above $29,000 and $1900 after the Fed rate hike and trying to get closer to the important $30,000 and $2000 milestones.