Cryptocurrency rose on Friday, and market risk appetite rose. Investors absorbed the impact of the failure to pass the US Cryptocurrency Act and the Federal Reserve's first rate hike in more than three years. Bitcoin, the largest cryptocurrency, once rose 5.2% to around $80,443, recovering some of its losses earlier this week. Ether, the second-largest cryptocurrency, once rose 5.1% to around $2,576. Smaller cryptocurrencies such as XRP, Solana, and Monero also rose. This rise indicates that digital asset investors have digested most of the negative news of the past week. The “Clarity Act”, an important US cryptocurrency regulation bill, failed to pass in a procedural vote on Tuesday. Previously, the market thought the bill was unlikely to pass in the Senate; and the 25 basis point rate hike by the Federal Reserve on Wednesday also met the market's general expectations.

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