Bitcoin Holds Above $76,000 After Fed’s First Rate Increase in Three Years as Spot Buying Provides Support

The Fed raised its benchmark rate by 0.25 percentage point, but Bitcoin held the $76,000 level, showing relative resilience.
After the rate decision, Bitcoin perpetual futures saw heavy net selling, while the spot market recorded $15.5 million in net buying, suggesting spot demand absorbed some of the selling pressure from derivatives.
The Fed signaled the possibility of additional rate increases this year and a higher-for-longer stance, meaning the resilience of risk assets such as Bitcoin could be tested again.

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Bitcoin held above $76,000 after the Federal Reserve raised its benchmark interest rate for the first time in three years, showing a relatively muted reaction to the decision.

Cointelegraph reported on Sept. 17 that Bitcoin was trading at $76,663 at the time of writing, with little volatility after the Fed announcement. That was up 1.35% from 24 hours earlier.

The Federal Open Market Committee voted unanimously to raise the benchmark rate by 0.25 percentage point to 3.75%-4.00%. While higher rates typically weigh on risk assets such as stocks and cryptocurrencies, Bitcoin stayed near its pre-announcement range immediately after the decision.

Bitcoin Holds Above $76,000 After Fed’s First Rate Increase in Three Years as Spot Buying Provides Support

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