Fed Rate Hike Falls Flat for Bitcoin as Altcoins Bleed Value

The Federal Reserve's recent 25bps hike had little impact on Bitcoin's price, which remained steady below $76K. According to a market observer, this suggests that the market has already priced in the rate increase.

However, not all assets fared equally well. Several altcoins saw significant declines, with XRP dropping by 9.6% and AAVE falling by 9.2%. In contrast, ZEC appears to be holding its value, with $388M flowing into it.