The Federal Reserve opted for a 75 basis point rate-hike yesterday, quelling market concerns of a record-setting 100 basis point adjustment.
| September 22, 2022 | September 22nd |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price is hovering around the $19,000 yet again, despite a volatility-packed day of price action yesterday triggered by the Fed's interest rate decision. |
| Top-20 altcoins have seen mixed performance, as Ethereum falls 5%, XRP surges almost 10% and Cosmos gains 5%. |
Top Stories for September 22, 2022 🔥 |
| The Federal Reserve opted for a 75 basis point rate-hike yesterday, quelling market concerns of a record-setting 100 basis point adjustment to interest rates. |
| Bitcoin saw major volatility both leading up to and following the announcement at the Federal Open Market Committee (FOMC), fluctuating almost $2,000 in price. |
| The US Treasury yield curve is also now at its most inverted point in four decades, indicating economic slowdown according to Tagus Capital Partner Ilan Solot. |
| Publicly-traded US crypto exchange, Coinbase, has been approved by the Dutch central bank to offer retail and institutional crypto products in the Netherlands. |
| Coinbase previously announced in June that it wished to expand its services to Europe, also receiving Italian Crypto Asset Service Provider approval in July, as well as further plans to register in Spain and France. |
| Market making company Wintermute has made an offer to the hacker that stole $160 million worth of funds from the firm, offering them 10% of the proceeds as a bounty reward if the rest is returned. |
| Wintermute has also threatened the hacker with legal action if they do not comply with the offer, with a deadline of just 12 hours. |
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