Bitcoin held near $76,000 after the Federal Reserve’s unanimous rate hike, then recovered toward $78,000 as traders assessed the prospect of further tightening and echoes of 2022.
Bitcoin held near $76,000 before and after the Federal Reserve’s unanimous rate-hike vote, showing little immediate reaction before recovering from $75,972 overnight to just below $78,000.
The post-Fed move has turned higher
Bitcoin rose 0.88% over 24 hours and gained 2.1% since midnight UTC. It rose above $78,000 during the European morning, while another reading put its 24-hour increase at 1.35%.
Derivatives trading shows continued volatility
The rebound came alongside uneven trading conditions. Bitcoin saw approximately $82 million in net selling through perpetual futures over the past hour, while spot markets recorded around $15.5 million in net buying. Short liquidations totaled $208 million, highlighting the leverage-related volatility around the move.
The 2022 comparison cuts both ways
Bitcoin is currently about 40% below its October record high of $126,000, a decline that echoes its position when the Fed began raising rates in March 2022. After that initial hike, bitcoin rallied roughly 18% over the following 12 days, but later fell around 50%.
Support levels remain in focus
Bitcoin traded below $76,000 into the Fed decision. Reported support zones include $70,000 and $62,000–$65,000, while onchain support thickened at $68,000.