Bitcoin, ether swing after unanimous quarter-point Fed rate hike as Warsh takes aim at inflation
60-second summary
Bitcoin and ether swing sharply after the Federal Reserve delivers its first unanimous quarter‑point rate hike in over three years, targeting inflation. Bitcoin briefly dips below $27,000 before rebounding to $27,400, while ether falls to $1,800 and recovers to $1,845. The move highlights heightened volatility, prompting traders to reassess risk appetite amid tighter monetary policy.
Bitcoin and ether whipsawed as the Federal Reserve delivered its first rate hike in more than three years.