Bitcoin Rallies After Fed Rate Hike: A Repeat of 2022 or a Bullish Turn?

Despite the Federal Reserve's 25bp rate hike, the crypto market has seen a counter-intuitive rebound, with Bitcoin rising nearly 1% and Zcash (ZEC) surging over 23%. Bitcoin remains 40% below its previous high, mirroring the market structure seen at the start of 2022. While some analysts view this as a potential relief rally, concerns persist regarding continued ETF outflows and a strengthening dollar. Market participants are closely watching whether this momentum can be sustained through the end of the month or if it will mirror the 2022 pattern of a short-term rally followed by a significant decline.