Crypto Markets React to Fed Rate Hike with Bitcoin, Ethereum, and Dogecoin on the Rise

Bitcoin, Ethereum, and Dogecoin saw gains after the Federal Reserve announced a 25 basis point hike in interest rates. The global cryptocurrency market capitalization increased by 1.44% over the last day. The US stock market saw a dip, with the S&P 500 and Nasdaq Composite experiencing a decrease. Analysts predict that Bitcoin may struggle to rally above $30,000 until the US gets regulatory clarity, and some express concern about a 3D/1W close below $25,000. However, others predict a bullish wave for BTC following the FOMC meeting, with BTC potentially reaching $32,800.