March 31, 2023

Prices of most cryptocurrencies rose on Wednesday after the Federal Reserve hiked by 0.75 percentage points in its continued efforts to curb inflation.

Bitcoin, the most popular cryptocurrency, rose 1.5% to $19,365 at last check, while Ethereum was down 0.2% to $1,353, according to CoinDesk.

Reaction from crypto investors was largely muted as Bitcoin and Ethereum also fell slightly after Fed Chairman Jerome Powell spoke about the latest rate hike.

A big increase in valuation was a 4.1% move in Litecoin to $54.46.

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