Bitcoin trades sideways after Federal Reserve’s 25-basis-point rate hike

  • Bitcoin traded sideways Thursday after the Federal Reserve raised rates by 25 basis points.
  • 150,510 traders faced liquidations totaling $1.83 billion during the preceding 24 hours.
  • Spot Bitcoin ETFs received $517.2 million in net inflows Wednesday, according to SoSoValue.

Bitcoin traded sideways Thursday after the Federal Reserve raised interest rates by 25 basis points, with the cryptocurrency holding near $76,000 even as broader equities declined. Bitcoin was priced at $76,574, while Ethereum traded at $2,450, Solana at $101.41, XRP at $1.30, Dogecoin at $0.0817 and Shiba Inu at $0.055182. Coinglass data showed 150,510 traders were liquidated (had positions forcibly closed) over the prior 24 hours for $1.83 billion. Spot Bitcoin ETFs recorded $517.2 million in net inflows Wednesday, while spot Ethereum ETFs attracted $189.2 million. XRP, Hyperliquid and Pepe were among the top gainers over the preceding 24 hours. Market developments included Ripple adding XRP payments to Stripe, debate over whether higher yields could pressure Bitcoin, and a Bitwise executive’s view that a crypto bull market does not depend on the CLARITY Act. Other reported topics included Tempo’s AI Standard, Bitcoin’s resilience after the Fed hike, combined Bitcoin and Ethereum ETF outflows of $1.11 billion over two days, Mark Yusko’s estimate that Bitcoin’s fair value is around $105,000, and an SEC approval of an Innovation Exemption for PURR’s tokenized stock trading (representing traditional shares digitally on blockchain infrastructure), which was followed by an 8% gain in PURR. Trader KillaXBT said Bitcoin is unlikely to reach $100,000 in 2026 and expects re-accumulation (a period of renewed buying after consolidation) and range-bound trading instead, while predicting that $100,000 will break next year. Trader Jelle said Bitcoin appears to be departing from its traditional four-year cycle, with a shorter and shallower bear market unless BTC makes a new low around October. Crypto investor Rekt Capital said the bear market is running out of time based on the historical roughly 365-day duration. The implications for the next bull run remain unclear.

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Bitcoin trades sideways after Federal Reserve’s 25-basis-point rate hike - CoinPost Terminal