Crypto rallies through the Fed's first rate increase since 2023
Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm disclosed a stake.
Bitcoin and Ethereum prices moved up on Thursday, September 17, 2026, following the Federal Reserve's decision to raise rates for the first time in three years. Bitcoin opened at $76,143.81, up 0.7% from Wednesday's opening, and reached $76,264.91 by 7:23 a.m. ET. Ethereum opened at $2,416.14, also up 0.7% from Wednesday, and hit $2,432.60 by 7:23 a.m. ET.
Both cryptocurrencies surpassed their previous opening prices and continued to rise in early trading. This price surge comes despite a recent setback, partly due to the CLARITY Act's failure in the Senate. Despite this, Bitcoin and Ethereum are holding onto monthly gains of 21.2% and 28.9%, respectively. Bitcoin's all-time high was $126,198.07 on October 6, 2025, while its low was $0.04865 on July 14, 2010.
Ethereum's all-time high was $4,953.73 on August 24, 2025, with a low of $0.4209 on October 21, 2015.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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