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.CryptocurrencyTickerPriceBitcoin$75,854Ethereum$2,403Solana$98.02XRP$1.28Dogecoin$0.08013Shiba Inu(CRYPTO: SHIB)$0.054849Notable 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 DecisionTom Lee’s BMNR Just Hit 4.9% of Ethereum. Now Comes the 5% TestStrategic Bitcoin Reserve Bill Heads to House Committee: What You Need to KnowBitcoin Made a Golden Cross—And Could Drop Below $75,000 Next, Analyst SaysCircle 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 SaysCLARITY Act Failure Sparks Senate Blame Game: ‘Democrats Were Never Truly Serious,’ Lummis SaysTrader 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.Image: Shutterstock Read Also: CLARITY Act Failure Sparks Senate Blame Game: 'Democrats Were Never Truly Serious,' Lummis Says