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Crypto

Federal Rate Hike Sends Bitcoin Price Wobbling Below $76,000

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's price wobbled after the US Federal Reserve raised interest rates by 25 basis points to 3.75-4%, marking its first rate hike since July 2023.

The decision, which ended three years of monetary easing, sent shockwaves through the market with BTC falling below $76,000.

However, Bitcoin recovered from its lows, trading 0.5% higher on the day at the time of writing.

CryptoQuant's Bull Score Index dropped from 80 to 60, marking a shift in sentiment towards caution.

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