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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Bitcoin, Ethereum, Dogecoin Rally After Fed Hikes Rates As Expected: Why This Analyst Thinks It's A 'Fakeout' Rather Than Breakout

Bitcoin Dogecoin Ethereum Jerome Powell Justin Bennett Cryptocurrency US Federal Reserve Ali Martinez Edward Moya Michaël van de Poppe

Bitcoin traded higher and hovered just under the psychologically important $40,000 mark on Wednesday evening as the global cryptocurrency market cap shot up 5.5% to $1.8 trillion.

Price Performance Of Major Coins
Coin 24-hour 7-day Price
Bitcoin (CRYPTO: BTC) 4.8% 1.1% $39,611.43
Ethereum (CRYPTO: ETH) 5.6% 1.9% $2,940.83
Dogecoin (CRYPTO: DOGE) 4.2% -4.5% $0.135
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