Bitcoin Rebounds to $77,400 Despite $746M ETF Outflows

Bitcoin has rebounded to $77,400 after an intraday low near $76,000 as selling pressure eased following the Federal Reserve's latest rate decision.

The cryptocurrency has gained roughly 0.6% over the past seven days and 20% over the past 30 days.

The rebound began after Bitcoin survived another test of the $75,000 to $76,000 region following the Fed's Sept. 16 meeting, where policymakers raised the benchmark rate by 25 basis points to 3.75% to 4.00%, an increase that markets had widely expected before the decision.

Conditions outside crypto have become less hostile to the recovery, with US stock rebounding after Wednesday’s selloff and oil prices easing as concerns over Middle East supply disruptions faded.