 What the f**k happened in crypto this week? Bitcoin hit a nine month high of $29,000 as banks continued to struggle this week. Unfortunately, it was short-lived. The second yearly FOMC meeting took place on Wednesday, and all lies were on the Federal Reserve. Its decision to hike rates by another 25 basis points resulted in massive Bitcoin volatility as it dropped to a weekly low of $26,600. During the press conference, Paul said that they will conduct more rate hikes if needed, and that rate cuts are currently not in the central bank's plans. In other news, the SEC doesn't seem to stop tightening its grip on crypto. This time, they went after Coinbase sending a wealth notice that alleged it of listing unregistered securities. And finally, Terence Doquan was arrested in Montenegro after months of being on the run. Shortly after, US prosecutors accused him of operating a cryptocurrency fraud. Don't forget to like and subscribe for more videos just like this.