It's Party On for Crypto Today: Bitcoin, Ethereum, and Dogecoin Rocket Higher
Top tokens Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) have been among the leading gainers in the crypto sector, posting gains of 4.6%, 8.3%, and 6.1%, respectively, over the past 24 hours as of 1:30 p.m. ET on Thursday. While still a rate hike, the pace of monetary policy tightening has slowed, with Fed chairman Jerome Powell hinting at an eventual pause after a "couple more" rate hikes. Accordingly, given the invariably long lags that impacts policy making, the actions taken by the Fed to calm inflation last year appear to be working.