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Bitcoin holds at $76,500 amid Fed decision
Bitcoin prices stable at around $76,500 after showing a limited response to the Federal Reserve's decision to raise interest rates to 4.0%, with markets focusing on escalating tensions in the Middle East. Despite the Fed's 25 basis point increase, Bitcoin's reaction was modest, amid expectations of further rate hikes due to ongoing inflation. Typically, rising interest rates are seen as negative for cryptocurrencies because they increase the opportunity cost of investing in risky assets.
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