Bitcoin Price Sees Minimal Impact from Fed Rate Increase

The U.S. Federal Reserve raised rates by 75 basis points for the fourth consecutive time

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The largest cryptocurrency by market value recently traded at $20,200, down 1.3% over the past 24 hours

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According to CoinDesk analyst Glenn Williams, the crypto winter has offered bullish investors a favorable cost base

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Ether, the second-largest crypto in market value, recently traded at $1,510, down more than 4%

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CoinDesk's market index fell 2%. Even dogecoin (DOGE), the week's biggest gainer, fell roughly 10%

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The tech-heavy Nasdaq fell 3.3%, while the S&P 500 and DJIA fell 2.5% and 1.5%, respectively

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Investors worry about the central bank's approach to combat increasing prices and a recession. Gold fell 0.7%

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