Bitcoin's 30% Rally Holds Above $84K Despite Fed's First Rate Hike Since 2023
- —BTC at $84,171, up 0.26% on the day, market cap near $1.7 trillion
- —Fed raised rates 25 bps to 3.75%-4.00% on September 16, first hike since 2023
- —Senate blocked the CLARITY Act on September 15 in a 49-50 vote, 11 short of passage
- —August CPI: 3.4% headline, 2.4% core; hike odds topped 90% after the print
Why it matters: Bitcoin held above the $82,793 resistance despite Fed tightening and stalled crypto legislation, opening the door toward $90,000.
Source: Blockonomi