Bitcoin Round-Trips the First Fed Rate Increase Since 2023 as Zcash Runs to $1,383
The Federal Open Market Committee voted 12-0 to lift its target range a quarter point to 3.75%-4%, and the median projection now puts the rate at 4.1% at the end of 2026 against 3.8% in June. Bitcoin spiked to $76,499.99 five minutes after the release and gave it back within half an hour. The S&P
First reported by The Defiant.
More from Bitcoin
See all- Bitcoin
Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale
Bitcoin Magazine Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale The Federal Reserve hiked interest rates on Wednesday — and may do so again this year — but bitcoin's price is unlikely to be hurt, Grayscale argued. This post Bitcoin Price Unlikely To Be Bothered by…
- Bitcoin
Bitcoin ETFs Could Triple Gold Counterparts as Asset Matures: Expert
Bitcoin Magazine Bitcoin ETFs Could Triple Gold Counterparts as Asset Matures: Expert Bloomberg ETF analyst Eric Balchunas said the younger generation could be drawn to bitcoin. This post Bitcoin ETFs Could Triple Gold Counterparts as Asset Matures: Expert first appeared on Bitcoin Magazine and…
- Bitcoin
Analyst Says Bitcoin ETFs Could Triple Gold. What Does It Mean for BTC Price?
Bloomberg's Eric Balchunas says Bitcoin ETFs will triple gold funds in assets. Gold still leads by $519 billion. The post Analyst Says Bitcoin ETFs Could Triple Gold. What Does It Mean for BTC Price? appeared first on BeInCrypto .
- Bitcoin
JPMorgan says bitcoin could get more support than gold if ETF hedging eases
Bitcoin could get more support than gold if investors reduce their ETF hedges, according to JPMorgan analysts.
- Bitcoin
Bitcoin Bounces as Markets Brace for the Fed’s Next Move
The Federal Reserve's first rate increase since 2023 barely dented crypto prices, but what comes next could change calculations on Wall Street.
- Bitcoin
Bitcoin coils near $76.5K as US stocks rebound from Fed rate hike
Bitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023.
- Bitcoin
Zcash miner Fortitude taps former Hut 8 CEO to lead ahead of public listing
Former Hut 8 CEO Jaime Leverton will take the helm at Fortitude as the Zcash-focused miner expands its operations and moves toward a planned public listing.
- Bitcoin
Ric Edelman: Buying Bitcoin Today Is Like Buying Amazon in 1999
Bitcoin Magazine Ric Edelman: Buying Bitcoin Today Is Like Buying Amazon in 1999 The top financial advisor also thinks bitcoin's price will hit at least $500,000 by 2030. This post Ric Edelman: Buying Bitcoin Today Is Like Buying Amazon in 1999 first appeared on Bitcoin Magazine and is written…