VIDEO: US Federal Reserve sparks Bitcoin boost

Following the announcement from the U.S. Federal Reserve?s interest rate hike of 75 basis points, the crypto market experienced a positive upturn with both Bitcoin and Ethereum both making positive gains.

Bitcoin is currently up over 9%, trading just above US$23,000 with Ethereum also experiencing a positive swing, up over 15% in the last 24 hours as the total crypto market cap edges over US$1 trillion.

The market is still riddled with uncertainty though as the continual rate hikes and 40-year high CPI have sparked concerns that we may be heading into recession.