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

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

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

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

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

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

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