Crypto Markets Digest Rate Hike, Bitcoin Holds Firm

Crypto markets are digesting the Federal Reserve's 25 basis points rate hike, which did not seem to have a significant impact on Bitcoin. The largest cryptocurrency traded sideways at around $76,574, while other assets saw varying degrees of movement.

Ethereum (ETH), XRP (XRP), and Dogecoin (DOGE) all experienced price increases, with Ethereum rising by 2% to reach $2,450. Solana (SOL) and Shiba Inu (SHIB) also moved upwards, but at a slower pace.

In terms of notable statistics, Coinglass data shows that 150,510 traders were liquidated in the past 24 hours for a total of $1.83 billion. Meanwhile, SoSoValue data indicates net inflows of $517.2 million from spot Bitcoin ETFs on Wednesday and $189.2 million from spot Ethereum ETFs.

Some notable predictions include trader KillaXBT's forecast that Bitcoin will not reach $100,000 in 2026, with re-accumulation and range-bound trading being the more probable path. Trader Jelle notes that Bitcoin appears to be breaking away from its traditional four-year cycle, which could have implications for the next bull run.