Bitcoin Bounces Back Above $76K Amid Fed Rate Hike Uncertainty

Bitcoin's price rebounded above $76K after the Federal Reserve's 25 basis point rate increase, its first since 2023. The move came as a surprise to some, who had expected Bitcoin to react more strongly to the rate hike.

The Senate's failure to advance the CLARITY Act added pressure on Bitcoin, pushing its price down towards $75K before it recovered. Major altcoins like Ethereum, Binance Coin (BNB), and Solana also gained in value, with Zcash surging over 14%.

The total crypto market cap rose above $2.6 trillion, signaling a broader market recovery amid ongoing volatility and uncertainty. Investors will closely watch Fed policy and ETF flows in the coming sessions.