The Fed raised interest rates by 75 basis points today, causing the Dow to sink more than 500 points in a whiplash trading session. The Fed's decision to raise rates was balanced with trying not to tank the economy.Meanwhile, Bitcoin and other cryptocurrencies are on the rise today.
What crisis? High-stakes crypto lending looks here to stay amid market rout
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Outline
- The crypto lending market is thriving despite recent volatility in the prices of major cryptocurrencies.
- Fairlead's Katie Stockton says that the bear market is likely to continue if bitcoin does not recover soon.
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