Crypto market cap rises to $2.58 trillion after Fed rate hike
- —Market capitalization stands at $2.58 trillion, up 2.61% from the daily low
- —The Fed raised rates by 0.25 percentage points to 3.75-4%, the first hike since 2023
- —ETF outflows for September were $278.85 million versus $6.94 billion in May-June
- —ZEC rose 19.3% to $1369, up 168% over the month
Why it matters: The market had already priced in Fed tightening, so no sell-off followed; further gains require holding above $2.66 trillion.
Source: BeInCrypto UA