Crypto rallies through the Fed's first rate increase since 2023
Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm disclosed a stake.
Source: CoinDesk
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DW NOTE
The Fed hiked 25 basis points into a de facto oil embargo — the Strait of Hormuz has been closed for two days, 2,000 ships are stranded in the Gulf, and the IEA expects global supply to fall 6% this year. Bitcoin rose anyway because the dot plot showed only one more hike through 2027. That's either extraordinary monetary discipline or a central bank that knows it cannot tighten into a supply shock without triggering a funding crisis.