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
According to CoinGecko, Bitcoin was trading at $20,650 at the time of writing, a 1% 24-hour increase
Ethereum, the second-largest cryptocurrency by market capitalization, went up 1.3% and was worth about $1,600
The Fed raised interest rates today for the fourth time this year to combat inflation, which is at a 40-year high
The Bank of America anticipates "the Chair to open the door to a slower pace of rises beginning in December"
Inflation, Russia's invasion of Ukraine, and Europe's energy problem have all caused investors to dump stocks.
In the previous week, Bitcoin and Ethereum are still up 2.1% and 8.4%, respectively