Main Takeaway: Cryptos & Equities Fall Following Fed Rate Hike
Both cryptos and traditional equities have fallen by around 3% following yesterday’s Fed rate hike. The next FOMC will be held in November, the last of 2022. This is the first year in over two years that the Fed and other global central banks continually raised rates. This may spook the markets and cause stagnated economic growth in the coming months.