The Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75% to 4%, a unanimous decision by all 12 FOMC members, its first hike since July 2023. Bitcoin briefly touched $76,499 before settling near $76,300, while the broader crypto market held above $2.6 trillion. Zcash surged 23% toward $1,425, a multi-year high, after Paradigm co-founder Matt Huang revealed his fund holds ZEC. The Crypto Fear and Greed Index stands at 50, in neutral territory, down from extreme greed readings three weeks ago. Crypto liquidations reached approximately $373 million over 24 hours.
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