4 days ago
Crypto Prices Stay Rangebound After Federal Reserve Rate Hike
The Federal Reserve raised interest rates by 25 basis points.
This made the federal funds rate range from 3.75% to 4%.
The report says cryptocurrencies moved mostly sideways afterward.
Bitcoin was worth about $76,350.
Ethereum was worth about $2,430 and had a market value of about $297.06 billion.
BNB, Solana, and Hyperliquid all rose over the previous day.
Their weekly results were mixed, with some still lower than a week earlier.
Monero’s reported daily change is inconsistent in the article.
The Federal Reserve’s projections also suggest another rate increase could happen later in 2026.
The Federal Reserve raised its benchmark interest rate by 25 basis points to a 3.75%-4% range.
Bitcoin was trading at $76,350, up 0.70% over 24 hours but down 2.22% over seven days.
Ethereum stood at $2,430 with a market capitalization of $297.06 billion, according to the report.
BNB, Solana, and Hyperliquid gained 1.77%, 2.60%, and 2.58% respectively over 24 hours.
The report gives conflicting 24-hour figures for Monero, listing both a 1.57% gain and a 1.57% decline.
- Who
- The US Federal Reserve and the cryptocurrencies Bitcoin, Ethereum, BNB, Solana, Hyperliquid, and Monero.
- What
- The Federal Reserve raised interest rates by 25 basis points while the listed cryptocurrencies showed mostly limited, rangebound movement.
- Where
- The prices were reported in US dollars; no specific physical location was given.
- When
- The rate decision was announced Wednesday; the cryptocurrency prices were reported on Thursday, with exact dates not provided.
- Why
- The market movement followed the Federal Reserve’s rate decision and projections indicating a possible additional hike later in 2026.
Key facts
- Rate increase
- 25 basis points
- Federal funds rate
- 3.75%-4%
- Bitcoin price
- $76,350 at about 4 p.m. Thursday
- Ethereum price and market capitalization
- $2,430 and $297.06 billion
- Solana price
- $99.69 at about 4:18 p.m. Thursday
- Hyperliquid price
- $79.82 at about 4:20 p.m. Thursday
- Monero price
- $497.71 at about 4:22 p.m. Thursday
Sources
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