Bitcoin near $76,000 as Fed hikes rates; hawkish tone and $592 million ETF outflows pressure crypto
Bitcoin traded near $76,000 after the Federal Reserve raised rates by 25 basis points, marking the first hike since 2023. ETF outflows reached nearly $592 million in a single day, impacting demand. Analysts suggest the market is stabilizing post-Fed but remains cautious, with future movements dependent on macroeconomic conditions and resistance levels.