Grayscale said the Federal Reserve’s latest rate hike will not drive major changes in crypto markets, nor would a second increase this year. Head of Research Zach Pandl published the note on Thursday. The Federal Open Market Committee (FOMC) had raised its target range to 3.75%-4.00% a day earlier. Grayscale believes historical precedents such as those from 1997 are more relevant to understanding the market than 2022 events.
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