Cryptos Defy Rate Hike with Overnight Gains
Cryptocurrencies rose in value after the Federal Reserve raised interest rates by a quarter percentage point to 3.75-4 percent, as expected.
The Fed's decision was seen as neutral for the market, with crude oil prices falling and bond yields easing.
Aggregate cryptocurrency market capitalization increased by over 1 percent, reaching $2.61 trillion, while Bitcoin touched a 24-hour high of $77,079.