Bitcoin falls below $76,000 after Fed rate hike to 4%, CryptoQuant Bull Score hits 60
Bitcoin traded below $76,000 this week as the US Federal Reserve raised its policy rate by 25 basis points, pushing the benchmark range to 3.75-4%. This marked the Fed’s first rate increase since July 2023 and ended a three-year period of loose monetary policy. Markets responded immediately after the decision, with Bitcoin reaching new monthly lows before recovering slightly. As of Thursday, Bitcoin stabilized with modest gains, climbing back 0.5% after the initial drop. On short-term charts, price volatility significantly declined, with only marginal moves recorded on the hourly timeframe, according to TradingView data.