TREE NEWS update: The Federal Open Market Committee voted 12-0 to raise its target rate range by a quarter point to 3.75%-4%, the first Fed rate increase since 2023, with the median projection now at 4.1% at end-2026 versus 3.8% in June. Bitcoin spiked to $76,499.99 five minutes after the release and gave the move back within half an hour. Zcash ran to $1,383.
Fed Lifts Rates to 3.75%-4% as Bitcoin Round-Trips $76,500 Spike
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AI take
The Fed's first hike since 2023 landing with a unanimous vote and a higher 2026 median projection signals policy is turning less accommodative, yet bitcoin's immediate round-trip suggests crypto is trading more on positioning than on macro repricing. The Zcash move alongside a fading BTC spike points to rotation into privacy assets rather than broad risk-on. The open question is whether bitcoin keeps absorbing hawkish shifts without a sustained break lower, or whether the delayed reaction to a higher-for-longer path shows up in the sessions ahead.
Generated by AI for reference only.
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