Unaffected by Fed rate hike, crypto markets opened lower and higher last week

Last week, the cryptocurrency market opened lower and higher with less overall volatility, in stark contrast to the violent shakeout trip in risk assets such as US stocks. In midweek, the Federal Reserve announced a 25 basis point rate hike as expected, but the cryptocurrencies subsequently reacted flatly, perhaps having digested the negative news.

In terms of full-week performance, bitcoin accumulated nearly 10% gains and ethereum rose 13%.

As of writing.

Bitcoin is down 2.60% in 24 hours at $40,700. Last week, Bitcoin rose 9.25%.

Ether is down 2.66 percent at $2,840 in 24 hours. Last week, Ether was down up 13.79 percent.

Dogcoin was down 2.37% at $0.119 in 24 hours. Last week, Dogcoin accumulated a gain of 6.91%.