In a volatile trading session, crypto-linked stocks rose following the U.S. Federal Reserve's 75 basis point rate hike mikeybellusci reports
Crypto-exposed equities jumped from their daily lows Wednesday as the tech-heavy Nasdaq index regained ground following the Federal Reserve's announcement that it was hiking the interest rate by 75 basis points.
Most major cryptos were also on the rise with bitcoin and ether, the two largest cryptocurrencies by market capitalization, recently climbing 3% and over 1%, respectively. Cryptocurrency miners, including Hut 8 , Marathon Digital , Riot Blockchain all jumped at least 6%. Crypto exchange Coinbase and software/bitcoin firm MicroStrategy both gained at least 3%. Crypto brokerage and asset manager Galaxy Digital was up about 5%.
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