Bitcoin Climbs as Fed Raises Rates for First Time Since 2023

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Bitcoin gained 0.88% over 24 hours, reaching $76,621 following the Federal Reserve's first interest rate increase since 2023. The central bank's projections suggested only one additional hike may follow, offering some relief to markets. The broader crypto market rallied alongside Bitcoin amid the rate decision. Privacy-focused cryptocurrency Zcash surged 23% to a record high after investment firm Paradigm revealed it had acquired a stake in the project.

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