CoinDesk

Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023

Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023WorldPing

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.

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Bitcoin absorbs Fed rate hike as officials see more tighteningWorldPing
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Bitcoin absorbs Fed rate hike as officials see more tightening

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