The crypto market is soaring Thursday, led by Bitcoin (CRYPTO: BTC) and Ethereuem (CRYPTO: ETH), after the Federal Reserve raised the target fed funds rate by 0.75% Wednesday afternoon.
The Fed hiked rates by 0.75%, bringing its target fed funds rate up to a range of 2.25% to 2.5%.
The bond market had been pricing in a 50% chance that the Fed would raise rates by 1%, as
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