Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto markets By Cointelegraph

© Reuters

Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022.

The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates “sooner or at a faster pace than participants had earlier anticipated.” According to the CME Group (NASDAQ:CME), trading in the interest-rate futures market showed a two-thirds possibility of the first increase in March.

Continue Reading on Coin Telegraph

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!