Bitcoin Gains as Fed Signals Only One More Rate Hike

Bitcoin rose 0.88% over 24 hours to $76,621 as the Federal Reserve delivered its first interest-rate increase since 2023. The central bank’s projections indicated that officials expect only one additional hike, a signal that helped cryptocurrencies move higher, according to CoinDesk. Zcash was among the strongest performers, jumping 23% to a record high after investment firm Paradigm disclosed a stake in the cryptocurrency. The moves put Bitcoin and Zcash in focus as traders assessed the Fed’s updated rate outlook and its implications for digital assets. Bitcoin remains the key market reference, while Zcash posted the sharper gain following the Paradigm disclosure.