After the Fed's fourth rate hike, Bitcoin, Ethereum, and the stock market surge

Today, the Federal Reserve declared it will maintain its robust monetary strategy to combat inflation

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According to CoinGecko, Bitcoin was trading at $20,650 at the time of writing, a 1% 24-hour increase

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Ethereum, the second-largest cryptocurrency by market capitalization, went up 1.3% and was worth about $1,600

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The Fed raised interest rates today for the fourth time this year to combat inflation, which is at a 40-year high

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The Bank of America anticipates "the Chair to open the door to a slower pace of rises beginning in December"

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Inflation, Russia's invasion of Ukraine, and Europe's energy problem have all caused investors to dump stocks.

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In the previous week, Bitcoin and Ethereum are still up 2.1% and 8.4%, respectively

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