Bitcoin Rises as Nasdaq Jumps 1.7% After Fed Rate Hike
Live updates: Bitcoin edges higher as Nasdaq climbs 1.7% after Fed rate hike
Bitcoin moved modestly higher as the Nasdaq Composite rose 1.7% following the Federal Reserve’s latest rate hike.
The market reaction places Bitcoin alongside technology stocks, which often respond to changes in interest-rate expectations. The Nasdaq’s advance suggests that investors were willing to buy equities even after the Fed increased borrowing costs.
The session highlights the continued connection between cryptocurrency markets and broader risk assets. Bitcoin’s move was limited compared with the Nasdaq’s gain, indicating that the cryptocurrency’s response was comparatively restrained.
