Bitcoin, Ethereum, Dogecoin Dip as Federal Reserve Hikes Rates by 25 Basis Points

Bitcoin is hovering around $76,000 as the Federal Reserve raised the Federal Funds rate by 25 basis points.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$75,854
Ethereum	(CRYPTO: ETH)	$2,403
Solana	(CRYPTO: SOL)	$98.02
XRP	(CRYPTO: XRP)	$1.28
Dogecoin	(CRYPTO: DOGE)	$0.08013
Shiba Inu	(CRYPTO: SHIB)	$0.054849

Notable Statistics:

• Coinglass data shows 101,811 traders were liquidated in the past 24 hours for $455.24 million.       
• SoSoValue data shows net outflows of $450.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $141.5 million.
• In the past 24 hours, top gainers include Zcash, Bitway and Dash.

Notable Developments:

• Ethereum at $2,400: Is a Deeper Correction Coming?
• Bitcoin Fed Meeting Preview: Could One Decision Pump BTC?
• Bitcoin Loses ETF Bid, Slides to $76,000 Ahead of Fed Decision
• Tom Lee’s BMNR Just Hit 4.9% of Ethereum. Now Comes the 5% Test
• Strategic Bitcoin Reserve Bill Heads to House Committee: What You Need to Know
• Bitcoin Made a Golden Cross—And Could Drop Below $75,000 Next, Analyst Says
• Circle CEO Says CLARITY Talks Are ‘90%’ There: What Do Prediction Markets Say?
• SEC, CFTC Rulemaking Will Be ‘Aggressive and Swift’ After CLARITY Act Failure, Bernstein Says
• CLARITY Act Failure Sparks Senate Blame Game: ‘Democrats Were Never Truly Serious,’ Lummis Says

Trader Notes:

Trader Jelle remains confident Bitcoin will eventually push back toward its long-term channel highs. “Preparation season is on,” he said.

Bitfinex notes BTC’s realized cap has risen $9 billion since August despite the drop from $80,000 to $75,800, signaling a rising aggregate cost basis.

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