Bitcoin trades near $76K as US stocks rebound from Fed's first rate hike since 2023
Bitcoin traded near $76,000 after the Fed raised rates by 25 basis points, with US stocks rebounding the next day. Fed Chair Warsh called inflation 'unacceptable' and hinted at further hikes. Bitcoin ETFs saw outflows, and the Senate rejected crypto regulation. Oil price drops helped ease inflation expectations.
How this was made

The 30-second read
Why it matters
Equities rallied on lower oil prices while Bitcoin stayed range‑bound, highlighting divergent reactions across asset classes.
Market read
The rate hike is a primary macro event; its limited effect on Bitcoin suggests crypto may decouple from short‑term monetary policy moves.
What to watch
Potential impact of upcoming Senate decisions on crypto regulation could outweigh the Fed’s influence.
Background
The Fed’s first rate increase since 2023 signals a shift back to tightening, affecting risk assets.
Ticker impact
Bitcoin traded near $76,000 after the Fed raised rates by 25 bps on Sep 16.
Limited upside/downside; expect range‑bound trading around $76K.
The article notes only modest daily gains and no significant price move, indicating the market has already priced in the policy change.
Market effects
Equity markets rebounded as oil prices fell, suggesting energy‑related stocks may benefit.
U.S. equities showed strength; global markets likely to follow the Fed’s stance.
The rate hike influences risk‑on assets worldwide, but crypto showed limited reaction.
Counterpoint
If Bitcoin’s price remains flat, a sudden shift in risk appetite could trigger a rapid move either way.
Key entities
- Regulatory BodyFederal Reserve
Raised the federal funds rate by 25 bps to a 3.75‑4% target range.
- CryptocurrencyBitcoin
Traded near $76K with modest gains after the Fed announcement.



