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