Bitcoin Holds Steady as Zcash Extends Rally Past USD 1,519

Bitcoin's price has held steady near USD 77,468 as investors weigh the Federal Reserve's rate hike against a stalled CLARITY Act. Zcash continues to rally, extending its gains past USD 1,519 with over 10% increase in a day.

The Fed raised its benchmark rate by 25 basis points to 3.75-4%, signaling at least one more increase before year-end. This move has kept liquidity expectations tight and risk assets absorbed the impact calmly, with Bitcoin holding above key support levels.

Traders are cautious, awaiting clearer signals from both the Fed and Washington. Zcash's rally is driven by institutional buying and shielded-pool demand, as well as a new ETF filing. The CLARITY Act's failure to pass in the Senate removes a key regulatory catalyst for now.