Crypto rallies through the Fed's first rate increase since 2023
What CoinDesk reports, why it matters and what remains unconfirmed.
The story in one view
- Reported by
- CoinDesk
- Coverage lens
- Markets and price action
- Published
- Evidence status
- Cross-source reports linked
What CoinDesk reports
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.
The immediate significance
The report concerns staking rather than passive ownership alone. Its practical significance depends on execution, liquidity, validator or protocol exposure and the terms actually available to participants.
Decrypt and CoinDesk have also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- The report does not set out final execution, realised yield, liquidity terms or the complete smart-contract risk analysis.
- No matched primary document independently supporting the central claim is linked to this page.
The named assets, right now
Spot quotes from Kraken, checked .
How the story developed
Decrypt and CoinDesk are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
Decrypt Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes
The Federal Reserve delivered the hike Wall Street had almost unanimously priced in.
CoinDesk Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
CoinDesk Bitcoin faces 2022 parallels as Federal Reserve resumes rate increases
Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
CoinDeskCurrent briefing 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.
Related Articles And Podcast
Further reporting and analysis on this story.
ECB Rate Hike Sends Bitcoin Below $77K | Nasdaq Invests $100M in Kraken Parent | India Puts Grain Loans Onchain | Daily Crypto Roundup.
Bitcoin fell below $77,000 as the European Central Bank raised rates, United States producer inflation remained hot annually, oil reached fresh cycle…
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