Crypto News: Ethereum Pumps 16% amid US Federal Funds Rate Hike

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During the late US session, Ethereum pumps 16% amid an interest rate hike from the US Federal Reserve. Ethereum’s early-day downward rally has been halted, gaining some modest bullish traction near $1,589.81. However, the reason could be related to the recent modest gains in the cryptocurrency market. The price recovery of Bitcoin, the world’s largest cryptocurrency, demonstrates this. As we all know, July has been challenging for Ethereum with the price of ETH fluctuating between $ ...

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