Why did Bitcoin and Ethereum move in near-perfect lockstep after the Fed rate hike?

Bitcoin rose 0.82 per cent in 24 hours to US$76,318.25. Ethereum gained 0.80 per cent to US$2,418.94. The total crypto market cap increased one per cent, and the broader crypto market rose 0.99 per cent. These numbers point to a single conclusion. A relief bounce tied to the Federal Reserve lifted the entire asset class. […] The post Why did Bitcoin and Ethereum move in near-perfect lockstep after the Fed rate hike? appeared first on e27.