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Crypto

Bitcoin Resilient Amid Fed Rate Hike as Ethereum and XRP Soar

Guavy AI Editorial Team
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BTC ETH XRP
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Bitcoin remained steady around $76,000 after the Federal Reserve's decision to raise interest rates by 25 basis points. The move did not seem to have a significant impact on the cryptocurrency market.

In contrast, other cryptocurrencies like Ethereum and XRP saw notable gains, with XRP spiking over 2%. This comes as Ripple announced its partnership with Stripe and Tempo to add XRP payments capabilities.

Despite some optimistic views from investors, not everyone is bullish. Peter Schiff expressed his skepticism, stating that Bitcoin failed the 'digital gold' test and could be hurt by higher yields.

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