Crypto market rises 1.2% despite Fed rate hike, bitcoin holds near $77,000
- —The market rose 1.2% over 24 hours, with bitcoin holding near $77,000
- —Top gainers: NEAR +18%, Zcash +17.5%, Dash +15%
- —The sentiment index fell to 50 from 51, remaining above neutral
- —Outflows from spot bitcoin ETFs were the largest since June 25, exceeding $450 million
Why it matters: The market showed resilience to Fed tightening, but the large ETF outflow signals weak institutional demand.
Source: Bitcoin Insider