The Block (@TheBlockCo): THE BLOCK: Bitcoin $BTC and ether $ETH whipsawed after the Fed raised interest rates by 25 basis points, bringing the target range to 3.75%-4%.
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THE BLOCK: Bitcoin $BTC and ether $ETH whipsawed after the Fed raised interest rates by 25 basis points, bringing the target range to 3.75%-4%. The FOMC voted unanimously for the hike, saying inflation remains elevated despite resilient spending and strong economic growth.