Bitcoin Holds Near $76K After Fed Rate Hike

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An enormous personified Bitcoin coin, massive and metallic, stands upright on a financial platform. It occupies nearly two-thirds of the image. Descending above it is a gigantic industrial press controlled by a central bank official in front of a neoclassical American building. On the press mechanism, only 25 is displayed. The press has just made contact with Bitcoin. The metal grinds, the ground cracks, and Bitcoin is slightly compressed, but it refuses to give way. Several traders in the foreground were clearly expecting a drop and look on in astonishment.

The Fed returns to monetary tightening after more than three years without an increase. Indeed, the US central bank raised its rates by 25 basis points, bringing their range to 3.75% - 4.00%, a first since July 2023. This decision is motivated by persistently high inflation, yet it did not automatically shake bitcoin. Despite a spike in volatility after the announcement, BTC stabilizes around 76200 dollars. Between monetary tightening and crypto market resistance, the Fed's decision now raises the question of the trajectory of rates.

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