Bitcoin Holds Steady Near $76,500 as Stocks Rebound from Fed Rate Hike

Bitcoin traded near $76,500 on Thursday after Wall Street stocks rebounded following the Federal Reserve's latest interest rate hike. The central bank increased benchmark rates by 0.25% to 3.75%-4.00%, its first hike since July 2023.

The move helped ease pressure on risk assets and supported a stabilization in Bitcoin's price, rather than a fresh burst of buying.

TradingView data showed cooling volatility and modest price moves, consistent with range trading. The Bull Score Index from CryptoQuant fell to around 60/100, still considered bullish but below levels associated with stronger momentum.