Crypto market rises after first Fed rate hike since 2023
- —BTC rose 0.88% in 24 hours to $76,621
- —Fed projections allow for only one more rate hike
- —Zcash gained 23% to a record after Paradigm disclosed its stake
Why it matters: The market read the Fed's hawkish move as signaling a near-complete tightening cycle, which supported risk assets.
Source: CoinDesk