Bitcoin held near $76,000 after the Federal Reserve’s unanimous rate hike, then recovered toward $78,000 as traders weighed the move against parallels with the 2022 tightening cycle.
Bitcoin barely moved at first, then recovered
The Federal Reserve’s rate-hike vote was unanimous, but bitcoin had little immediate reaction and held near $76,000 before and after the announcement. It later recovered from $75,972 overnight to just below $78,000.
The post-decision rebound gathered momentum
Bitcoin rose above $78,000 during the European morning and was up 0.88% over 24 hours. The move was accompanied by around $15.5 million in net spot buying.
A rally does not erase the broader drawdown
Bitcoin remains about 40% below its October record high of $126,000. Market analysis identified $70,000 and the $62,000–$65,000 range as support levels.
The 2022 comparison cuts both ways
Bitcoin rallied roughly 18% in the 12 days after the initial March 2022 rate hike, but subsequently fell around 50%. The backdrop differs now: core inflation has eased to 2.4%, while annual headline inflation has remained above 2% for more than five years.
Bitcoin’s market signals remain mixed
Bitcoin’s short-window correlation with the Dollar Index was nearly zero, while its correlations with the S&P 500, Nasdaq and gold were 0.43, 0.30 and 0.28, respectively. Those mixed relationships offer no single clear directional signal from the immediate post-Fed move.