The U.S. Federal Reserve raised borrowing costs this Wednesday, marking the first timethe Fed raises ratessince 2023. The decision set the benchmark interest rate within a range of 3.75% to 4.00%, prompting an immediate reaction in the price ofBitcoin.
XRP has already fallen three times harder than Ethereum ahead of today’s Fed decision, and whale sell-offs plus collapsing on-chain activity tell one side of the story. But Ethereum carries a risk most traders are overlooking.
Traders are bracing for a rare stretch of synchronized tightening this week, with the Federal Reserve and the Bank of Japan (BOJ) both leaning toward a rate hike within 48 hours of each other.
