Bitcoin Round-Trips the First Fed Rate Increase Since 2023 as Zcash Runs to $1,383

The Federal Open Market Committee voted 12-0 to lift its target range a quarter point to 3.75%-4%, and the median projection now puts the rate at 4.1% at the end of 2026 against 3.8% in June. Bitcoin spiked to $76,499.99 five minutes after the release and gave it back within half an hour. The S&P 500 and gold closed lower. Zcash reached $1,383.30.

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