Bitcoin Round-Trips the First Fed Rate Increase Since 2023 as Zcash Runs to $1,383

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The Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4% in a unanimous 12-0 vote, the first increase since July 2023. Bitcoin traded through the decision with little change, up 0.6% over 24 hours at $75,928 after briefly spiking above $76,000. Zcash led the rally with a 19.1% gain to around $1,383, its highest since September. The total crypto market capitalization stood at $2.68 trillion, while equities and gold retreated by 0.4% and 0.7% respectively.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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