Crypto Companies Struggle With Layoffs but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

Crypto Companies Struggle With Layoffs but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

Bitcoin was recently trading at about $22,900, up over 8% for the past 24 hours. The largest cryptocurrency by market capitalization has mostly lingered between $21,000 and $23,000 for much of the past 10 days. Ether was recently changing hands just above $1,600, up more than 15% over the same period. Other major cryptos spent much of Wednesday in the green, with ETC up more than 30% and UNI and AAVE each rising over 20%.

Originally Posted on: https://www.coindesk.com/markets/2022/07/27/first-mover-asia-crypto-companies-struggle-with-layoffs-but-some-see-opportunity-to-add-talent-btc-eth-soar-after-fed-rate-hike/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Shaurya Malwa, James Rubin

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