Bitcoin Survives First Fed Rate Hike in 3 Years, Zcash Explodes Again: Market Watch

Bitcoin’s expected price volatility ahead of and after the FOMC meeting indeed took place, with the asset posting a few major moves, but it has overall survived the first rate hike in three years, currently trading above $76,000.

The altcoins are also well in the green today, with SOL touching $100 and ZEC exploding by over 14%.

BTC Above $76K as the Dust Settles The current business week was expected to be a big one for the cryptocurrency industry, and it was quite eventful, even though it’s far from over.

At the end of the previous one, BTC plunged to $76,000 after the release of the CPI data, before it suddenly rocketed to almost $80,000, where it was rejected and driven south to $77,000. It spent the weekend there and dipped again on Monday to $76,500.