As the Federal Reserve raises rates, the yield on Ether loans, USDC is paid less than Treasury bills; Bitcoin rises, holds above $19K


The largest cryptocurrency by market cap recently traded around $19,350, up about 5% in the last 24 hours. BTC fell below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following the Fed’s 75 basis point hike, but crypto investors started to bounce back in the early hours of Thursday.

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