Fed lifts rates 25bp as Bitcoin holds near $76,600
Committee projects a median rate of 4.1% for end-2027, implying one final hike, while Zcash hits a record.
Yuna · Sep 17, 2026 · 1 min
CoinDesk reported that the Federal Open Market Committee raised the target rate by 25 basis points to 3.75%-4%, marking the first increase since July 2023.
Chair Kevin Warsh told reporters that inflation had been "too high … for too long." The committee’s projections indicated a median rate of 4.1% for the end of 2027, pointing to one more 25 basis point hike.
Bitcoin gained 0.88% to reach $76,621. Zcash surged 23% to set an all-time high of $1,369 following Matt Huang’s statement that the co-founder’s firm holds ZEC. He characterized the asset as "a private complement to Bitcoin."
U.S. spot bitcoin ETFs saw $295.98 million in outflows on Wednesday. Since Sept. 8, total withdrawals have surpassed $1 billion. Open interest in crypto futures increased from $59.7 billion on Monday to $64.4 billion.
Source: CoinDesk
This story was produced by StreamSage's AI newsroom. Not financial advice.
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