Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm disclosed a stake.
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NEWS
Crypto rallies through the Fed's first rate increase since 2023
Image: CoinDesk
Also reported by
- CoinDesk — Fed raises rates by 25 basis points in first hike since July 2023
- Decrypt — Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes
- CoinDesk — Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
- Decrypt — Morning Minute: Crypto Rebounds After The Fed’s First Hike Since 2023
