Bitcoin, Dogecoin Plunge, Ethereum Worst Hit After Fed Rate Hike — But, Is There A Silver Lining?

Major coins fell sharply on Wednesday evening as the global cryptocurrency market cap decreased 2.7% to $896.8 billion at 8:30 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -2.5% -8.9% $18,444.58 Ethereum (CRYPTO: ETH) -6.4% -24.6% $1,242.58 Dogecoin (CRYPTO: DOGE) -2.8% -6.6% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Celsius (CEL) +7% $1.55 Compound (COMP) +3.1% $56.3 XDC Network (XDC) +1.1% ​​$0.03 See Also: How To Get Free NFTs Why It Matters: Ethereum tumbled and Bitcoin fell sharply after the U.S. Federal Reserve issued the third consecutive 75 basis point interest rate increase on Wednesday.