Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
WorldPing
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.
This is a short WorldPing brief. The full report was published by CoinDesk.
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.
Brief by WorldPing · Original reporting by CoinDesk
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
Brief by WorldPing · Original reporting by CoinDesk
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.
Brief by WorldPing · Original reporting by Cointelegraph