
Bitcoin today: BTC rises after Fed rate hike as Zcash surges over 20%
Bitcoin reacts to the Fed's first rate hike since 2023, while Zcash surges and crypto market liquidations reach US$345 million.
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Bitcoin reacts to the Fed's first rate hike since 2023, while Zcash surges and crypto market liquidations reach US$345 million.

Bitcoin tries to recover near $79,000, but $100 oil, US inflation data and the Fed's decision still limit BTC's advance.

Bitcoin climbed past US$81,000 as traders scaled back bets on a September Fed rate hike, while spot ETFs logged their largest daily inflow since January.

Bitcoin climbed past $81,000 after the Fed signalled it may hold rates steady, a move reinforced by a weaker dollar and gains in crypto-linked stocks.

Bitcoin climbs as bets on a US Federal Reserve rate hike ease, though payroll data, the dollar and ETF outflows still limit the recovery.

A survey shows the cryptocurrency gained 26% over the month, ahead of silver, gold, the Nasdaq, the S&P 500, oil and Brazil's Ibovespa index.