Bitcoin trades above $76,000 after Fed decision

Bitcoin trades above $76,000 after the Fed’s rate decision, with the cryptocurrency market valued at $2.61 trillion 

Bitcoin remained above $76,000 during Thursday’s trading after the Federal Reserve raised interest rates, as widely expected.

 

Bitcoin accounted for 58.8% of the total cryptocurrency market capitalization of $2.61 trillion, while total trading volume over the past 24 hours reached $88.25 billion, according to CoinMarketCap data.

 

This follows pressure on cryptocurrencies after a digital assets bill failed to pass the US Senate. The bill, known as the CLARITY Act, failed to secure the 60 votes required to advance most legislation in the 100-member chamber.

 

Cryptocurrency prices

Cryptocurrency

Price ($)

Change ($)

Cryptocurrency

BTC

76,389.73

+588.93

+0.80%

ETH

2,443.85

+43.86

+1.85%

XRP

1.3019

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*At 11:01 a.m. Makkah time.

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