Bitcoin rises to $77,991, Ethereum to $2,501 after Fed decision
- —Bitcoin opened at $76,350.68 and rose to $77,991.09 by 7:25 a.m.
- —Ethereum opened at $2,445.49 and climbed to $2,501.16
- —The Fed's first rate hike in three years and the restoration of a Saudi oil pipeline eased inflation fears
- —Brian Armstrong: CLARITY Act is 'dead,' but there is a path through the SEC and CFTC
Why it matters: The market is pricing in the CLARITY Act's failure on expectations of regulatory relief from the SEC and CFTC, supporting risk appetite.
Source: Yahoo Finance Crypto