Bitcoin Volatile After Fed Rate Hike as Zcash Surges to $1,383

The Federal Open Market Committee voted 12-0 to raise the target interest rate range by 25 basis points to 3.75%-4%. The median projection for the rate at the end of 2026 has been adjusted to 4.1%, up from the 3.8% forecast in June. Following the announcement, Bitcoin experienced a brief spike to $76,499.99 before retracing its gains within 30 minutes.