Bitcoin holds steady after Fed rate hike

Bitcoin remained near $76,000 after the US Federal Reserve raised interest rates by 25 basis points, its first increase since 2023. The move was aimed at addressing persistent inflation and was broadly expected by markets. The Fed said 16 of 18 officials expect at least one more rate hike before the end of the year. That outlook added a more cautious tone to the market, even as Bitcoin showed limited immediate reaction compared with weaker US stocks. Analysts said Bitcoin’s resilience suggests traders had already priced in the decision, though they noted that further tightening could still affect crypto and other risk assets. Market data also showed activity in derivatives and spot markets as investors adjusted positions after the announcement.