Bitcoin Core 32 testing: validation, fee estimates and miner changes

The crypto market rebounded after the Federal Reserve's expected 25-basis-point rate hike, with Bitcoin recovering above $76,000. Analyst Crypto Dan noted falling Bitcoin UTXOs in loss, suggesting reduced risk of a bear cycle. Major cryptocurrencies like Ethereum and BNB also saw gains, while others like XRP and Dogecoin declined. The Fed's decision was largely anticipated, minimizing market shock. Total market capitalization rose to about $2.62 trillion, with varied performance across assets.

Bitcoin's price dropped after the Senate failed to advance the CLARITY Act and the Fed raised rates. Santiment noted a shift from extreme FOMO to neutral sentiment. CryptoQuant reported a rising Bitcoin hashrate, which may support price trends, though the relationship is complex.

The CLARITY Act failed in the Senate with a 49-50 vote, falling short of the 60 needed for passage. XRP dropped 7.98% to $1.29, while Bitcoin fell 1.42% to $75,924. Coinbase and Circle shares declined 8% and 11% respectively. The act's failure leaves regulatory uncertainty for cryptocurrencies, with their values now dependent on SEC initiatives and market conditions.

Bitcoin traded near $76,500 after a 0.25% Fed rate hike, with US stocks rebounding. The Nasdaq gained 1.5%, and CryptoQuant's Bull Score Index was at 60/100. Bitcoin's volatility cooled, and liquidity thickened around the spot price. The Fed's rate hike was its first since July 2023.

Grayscale's Zach Pandl stated Bitcoin (BTC) bottomed at ~$58K on June 30, advising clients to allocate to crypto. BTC traded above $76K on Sept. 17, 39% below its all-time high. Grayscale's allocation framework considers structural trends, market cycles, and macroeconomic conditions, all of which are currently met. Pandl also highlighted Zcash (ZEC) for its privacy features.

Goldman Sachs revised its Fed rate hike forecast twice in four days, initially expecting one hike then predicting another in October. The Fed raised rates to 3.75%-4.00% in September 2026, with 16 of 18 policymakers signaling another hike by year-end. Bitcoin gained 0.5% post-announcement, trading at $76,000, while XRP may also be affected by higher rates.