Browsing: Crypto

The Federal Reserve raised interest rates by a quarter point on Wednesday, its first hike since 2023. Bitcoin (BTC) climbed anyway, defying the old assumption that tighter policy always hurts risk assets.

Crypto volatility is likely to remain elevated as investors weigh the Federal Reserve’s monetary policy decision and the CLARITY Act’s failure to advance in a key Senate procedural vote, according to Simon-Peter Massabni, head of business development at XS.com.

Deutsche Bank crypto custody is moving into the market as the German lender plans to offer institutions and corporate clients a way to hold and transfer Bitcoin, Ether, and selected stablecoins later this year, pending regulatory approval, with Germany set to be the first market for the service.

Add preferred source The cryptocurrency market showed mixed performance across Tuesday’s sessions, with an evening recovery lifting major altcoins after daytime declines. Solana rose 1.52% to $98.35 and Avalanche gained 1.48% to $7.38 in late trading, while Bitcoin edged up 0.49% to $75,959.42 and Ethereum added 0.26% to $2,403.95. Cardano was the only decliner among…