Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease

Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease

Bitcoin (BTC) rose by as much as 5% over the past 24 hours, tracking moves in stocks, as the U.S. Federal Reserve eased concerns about slowing economic growth. Wednesday’s rate hike was expected by market participants.

Originally Posted on: https://www.coindesk.com/markets/2022/05/04/market-wrap-bitcoin-and-stocks-rise-after-fed-raises-rates-growth-concerns-ease/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes, Angelique Chen

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