Cryptos plunge following Fed rates decision
The world's leading cryptocurrencies, Bitcoin (BTC) and Ether (ETH), fell on Wednesday following the latest decision on interest rates by the United States Federal Reserve.
Earlier, the institution said it would increase the target range for the federal funds rate to 1.5% to 1.75%. The 0.75 percentage point hike is Fed's most significant in 28 years.
Bitcoin fell by 8.16% at 2:12 pm ET, selling for $20,336, while Ether dropped by 13.18% to go for $1,048.42 at the same time.