As the Fed raises interest rates, Ether, USDC lending yields less than T-bills; Bitcoin Rises, Holds Above $19K

The largest cryptocurrency by market capitalization recently traded around $19,350, up around 5% in the past 24 hours. BTC fell below $18,400 late Wednesday afternoon (UTC), its lowest level since early June, following the Fed’s 75 basis point hike, but crypto investors began to return in the early hours of Thursday.