Bitcoin broke through a key resistance level as markets mulled the first US Federal Reserve interest rate hike since 2018, fueling speculation digital tokens may be set for a sustained rally. Bitcoin rose 3.71% to US$40,873, its highest price in a week. Ethereum gained 4.46% to US$2,757, its highest in more than seven days. The stock and crypto markets have become increasingly aligned over the last year as more and more equity investors look for opportunities in the world of digital currency. The tech-heavy Nasdaq index saw an initial sell-off following the announcement, falling to 13,002 points before rallying and closing at 13,440.
The Crypto Report: Cryptos gain for a second day as markets digest US Fed hike
