https://krakow3d.com/wp-content/uploads/2022/07/bitcoin-ethereum-technical-analysis-btc-surges-by-2000-climbing-above-23000-as-fed-hikes-bank-rate.jpg Crypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. The Fed opted to raise rates by 75 basis points (bps) for a second consecutive meeting. Bitcoin briefly rose above the $23K mark earlier in the day, with ethereum rallying to a fresh six-week high over the $1,600 mark. Bitcoin Bitcoin (BTC) was trading higher on Thursday, as prices rose following the latest interest rate hike from the Federal Reserve. The move by the bank to boost the federal funds rate by 0.75% pushed bitcoin to an intraday high of $23,358.34 earlier in today’s session. As of writing, this is the highest level BTC /USD has hit since last Friday, June 22, when prices were held close to a resistance level of $24,000. BTC /USD – Daily Chart Looking at the chart, earlier gains h...