Bitcoin rose marginally during Thursday trading but remained below $29,500 after the Federal Reserve raised interest rates to their highest level in 22 years.
The Fed raised its policy rate to a range of 5.25% to 5.5% to combat inflation, with Fed Chair Jerome Powell saying that another hike in September is possible depending on data.
Bitcoin rose 0.29% to $29,486 at 1:44 pm Mecca time, according to data from CoinBase.
Ethereum rose 0.34% to $1,879.76 while Ripple fell 1.77% to 71 cents.
