Fed Raises Rates, Yields Hit 2007 Highs as Fuel Costs Set Records: This Week On Wall Street
The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
Crypto · News reference
https://www.wsj.com/politics/policy/failure-of-clarity-act-turns-crypto-industry-focus-to-federal-regulators-135914cc
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The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
Coinbase Global shares are surging Friday, along with other crypto-linked stocks, as Bitcoin rises on a CFTC regulatory proposal.
Crypto-linked equities ripped higher as Bitcoin cleared $80,000, but the S&P 500 slipped with the 10-year Treasury yield back above 5%.
Bitcoin price tops $80,000 despite CoinShares warning that a hawkish Fed and Clarity Act failure could weigh on crypto into year-end.
Grayscale says the Fed’s 25-basis-point hike will have little impact on Bitcoin or the broader crypto market.