The U.S. Federal Reserve’s decision to hike interest rates by 75 basis points for the fourth consecutive time to combat inflation won't have any repercussions on the cryptocurrencies market, according to experts, who pointed out major market movers including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) will be stuck in a range unless there is institutional demand and clarity in regulations.
Although the Fed's hawkish monetary policy has caused investors to flock to safe-haven assets such as the U.S. dollar, which has seen its value skyrocket, there was anticipation the central bank will soon ease up on the pace of its tightening.
