Daily News | BTC, ETH Plunged Following Global Bearish Sentiments Toward 2023, FOMC Statement Remained HawkishThe Fed raised 50bps as expected, but global markets slumped as traders interpreted the hawkish tone of FOMC going into 2023. Bitcoin and Ether continued to exhibit a strong correlation with TradFi - falling as soon as the rate hike decision was announced.
Gate.io Researcher: Peter L.2022-12-15