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Fed rate hike, BTC rebounds strongly, but I’m not chasing this time
Today’s market action is quite interesting. Bitcoin continued to fall after the CLARITY Act hit a setback, while the market focused on the Fed’s rate-hike decision; the Fed’s first rate hike since 2023 sent Bitcoin’s volatile Fear and Greed Index back to neutral.
As a leading coin that has risen steadily since the end of August, ZEC has a strong influence on market sentiment. BTC did not follow gold in its sharp drop, while ZEC even rallied against the trend, showing that market sentiment is leaning bullish and expectations re