The Fed raises interest rates by 25 basis points, the first increase since July 2023

• The US Federal Reserve raises interest rates by 25 basis points, bringing the benchmark rate to 3.75%-4.0%.
• This is the first rate hike since July 2023, as expected by market observers.
• This move could affect the cryptocurrency market due to increased pressure from a tighter monetary policy.
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Source: CoinDesk