The Crypto Report: Bitcoin and Ethereum hold support levels after Fed signals rate-hike slowdown

Bitcoin and Ethereum ended two-day rallies as both coins fell slightly, although prices held at crucial support levels following indications the US Federal Reserve will soon slow down the pace of interest rate rises.

Bitcoin, the largest coin by market cap, fell 1.5% to US$16,443. It has remained above US$16,000 for the best part of the week, aside from falling below it very briefly on Tuesday.  

Ethereum declined by 2.2% to US$1,183 but held firm above US$1,100, again apart from very briefly falling below the key support level on Tuesday.