After several days of continuous decline, the prices of digital currencies seem to want to take a break, even catch their breath.

The Federal Reserve gave investors some breathing room by raising rates very sharply on June 15, the biggest increase in 28 years. The central bank raised its key rates by three-quarters of a percentage point, or 0.75 percentage points, the biggest increase since 1994, in an attempt to control higher-than-expected inflation.

With this third increase in a row, these rates are now in the 1.5% to 1.75% range. The Fed also announced that it expects inflation to be 5.2% this year, up from 4.3% forecast in March, and will therefore continue to raise inflation at its next meetings in 2022.

At the same time, economic growth is expected to be weaker than expected this year in the US, at 1.7% versus 2.8% earlier. He also expects the unemployment rate to be higher than expected at 3.7% from 3.5% previously.

Investors are still in the process of digesting all these announcements, which had the first effect on the recovery of the stock market and, in particular, the Nasdaq index. Cryptocurrencies and tech stocks, which make up the majority on the Nasdaq, have been moving in tandem for months as investors view them as risky assets.