Fed Hikes Rates for First Time Since 2023 as Bitcoin Surges
Market / Price
The Federal Reserve raised the federal funds rate by 25 basis points to a target range of 3.75% to 4.00% in a unanimous vote by all 12 FOMC members. Bitcoin traded between $75,000 and $75,800 before touching $76,000 following the release, while the broader crypto market pulled back 2.18% on the day.
BTC
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