The Federal Reserve raised its benchmark rate on Wednesday for the first time since July 2023, and bitcoin traded through the decision little changed. The vote was unanimous, against three dissents for an increase at the July meeting, and the committee's own projections now point to one more this... Read the full story at The Defiant
Crypto
Bitcoin Round-Trips the First Fed Rate Increase Since 2023 as Zcash Runs to $1,383
The Federal Open Market Committee voted 12-0 to lift its target range a quarter point to 3.75%-4%, and the median projection now puts the rate at 4.1% at the end of 2026 against 3.8% in June. Bitcoin spiked to $76,499.99 five minutes after…
