Bitcoin, Ethereum and U.S. stocks recover after Fed rate hike

  • The FOMC unanimously raised the federal funds target range by 25 basis points to 3.75%-4.00% on September 16, 2026, the first increase since July 2023.
  • Bitcoin recovered to $76,399.85 and Ethereum rose to $2,444.89, while traders identified $75,000 as important Bitcoin support.
  • U.S. stocks rallied as Treasury yields fell, but inflation, oil above $100 a barrel and Fed projections kept further tightening risks in focus.

Bitcoin recovered to $76,399.85 and Ethereum rose to $2,444.89 after the Federal Open Market Committee unanimously raised the federal funds target range by 25 basis points to 3.75%-4.00% on September 16, 2026, its first increase since July 2023. The widely anticipated decision initially pressured U.S. equities but was followed by a broad rebound in the first full session after the hike. The Dow Jones Industrial Average gained 0.61% to 51,778.04, the S&P 500 rose 1.14% to 7,637.76 and the Nasdaq Composite advanced 1.69% to 26,418.30. Falling Treasury yields supported technology and semiconductor shares, while persistent inflation, oil above $100 a barrel and projections that left open further rate increases kept markets focused on the outlook for borrowing costs and risk assets.

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