MarketPR
Bitcoin ($BTC) is in focus after the US Federal Reserve delivered its first interest-rate hike since July 2023, with the cryptocurrency making modest daily gains and holding near $76,500.
US equities recovered in the same session, and the parallel move puts the setup for digital assets, including $NEAR, on the tape. The Fed catalyst is the operative fact.
The last time the central bank hiked rates was July 2023, which means this decision resets the macro backdrop for risk assets. Bitcoin's response has been restrained rather than reactive.
Coiling near $76,500 on modest daily gains, $BTC has not broken sharply in either direction following the announcement, which is its own kind of signal for the session.
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