Fed Hikes 25 Basis Points, Bitcoin, Ethereum, Dogecoin Slide

The Federal Reserve raised the federal funds rate by 25 basis points, with Bitcoin hovering near $76,000.

Cryptocurrency Market

Bitcoin $75,854

Ethereum $2,403

Solana $98.02

XRP $1.28

Dogecoin $0.08013

Shiba Inu $0.054849

Key Data to Watch:

Coinglass data shows 101,811 traders were liquidated over the past 24 hours, totaling $455.24 million.

SoSoValue data shows spot Bitcoin ETFs saw net outflows of $450.3 million on Tuesday. Spot Ethereum ETFs saw net outflows of $141.5 million.

Over the past 24 hours, top gainers included Zcash, Bitway, and Dash.

Notable Developments:

Ethereum hits $2,400: Is a deeper pullback coming?

Fed meeting preview: Can one decision push Bitcoin higher?

Bitcoin ETF flows disappoint, sliding toward $76,000 ahead of Fed decision

Tom Lee's BMNR holdings have reached 4.9% of Ethereum's circulating supply, with a 5% test approaching

Bitcoin Strategic Reserve Bill submitted to House committee: What you need to know

Analyst: Bitcoin forms golden cross, but could break below $75,000 next

Circle CEO says CLARITY Act negotiations are "90%" complete: What do prediction markets say?

Bernstein: SEC and CFTC rulemaking will be "aggressive and swift" after CLARITY Act failure

CLARITY Act failure sparks Senate blame game: Lummis says "Democrats never took it seriously"

Trader Notes:

Trader Jelle remains confident Bitcoin will eventually recover to the long-term channel highs. He stated: "Preparation season has arrived."

Bitfinex noted that despite Bitcoin's drop from $80,000 to $75,800, its realized market cap has still grown by $9 billion since August, indicating a rising total cost basis.