Bitcoin Surges Past Yearly Moving Average Amid Rate Hike Fears

Bitcoin has made an impressive comeback since its low of $75,064 on Wednesday, rising by 8.10% in just a few days.

The price dip came after the Federal Reserve's decision to raise interest rates by 25 basis points, but Bitcoin seemed unfazed by the news.

In fact, the latest rally from those lows suggests that the pullback from $82K earlier in September was due to the market pricing in the rising odds of a rate hike.

Bitcoin's recovery from its $60K lows in July and the recent resurgence from $76K have helped drive BTC back above the 365-day moving average for the first time since November 2025, which is a significant victory for the bulls.