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Wall Street Sept 17: Crypto Rallies Even as Fed Delivers First Rate Hike in Three Years
Crypto markets rallied Wednesday after the Federal Reserve delivered its first interest rate hike since July 2023, a move that would typically pressure non yielding assets like Bitcoin rather than lift them. A Counterintuitive Rally Meets a Familiar Warning Sign Bitcoin rose almost 1% to trade near $76,400, while Zcash jumped more than 25% to …

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About the author

8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.


