{
  "id": 7948148,
  "title": "Why did Bitcoin and Ethereum move in near-perfect lockstep after the Fed rate hike?",
  "url": "https://urgent.news/2026/09/17/why-did-bitcoin-and-ethereum-move-in-near-perfect-lockstep-after-the",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T04:07:37.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/why-did-bitcoin-and-ethereum-move-in-near-perfect-lockstep-after-the-fed-rate-hike-20260917/"
  },
  "original_language": "en",
  "account": "Bitcoin and Ethereum experienced a near-perfect correlation following the Federal Reserve's decision to raise interest rates by 25 basis points on September 16. This move brought a sense of relief to the market, leading to a rally in risk assets, including the two largest digital assets. The correlation between Bitcoin and Ethereum has recently hit a multi-year high, indicating that they are now trading more like macro assets than speculative tech bets. The move can be attributed to a market-wide sigh of relief rather than any coin-specific catalyst. Both Bitcoin and Ethereum traded above their key support levels, with Bitcoin testing resistance at US$78,189 and Ethereum hovering between US$2,350 and US$2,600. A break above US$2,500 for Ethereum could signal a breakout, while a drop below US$2,350 may lead to a deeper correction toward US$2,200. The rally in Bitcoin and Ethereum is currently fragile, as it depends on real capital allocation from large investors, such as positive ETF flows. Until then, the crypto market remains vulnerable to further macro shocks or regulatory headlines, making price action a beta-chasing exercise rather than a genuine broad-based bull market.",
  "summary": "Bitcoin rose 0.82 per cent in 24 hours to US$76,318.25. Ethereum gained 0.80 per cent to US$2,418.94. The total crypto market cap increased one per cent, and the broader crypto market rose 0.99 per cent. These numbers point to a single conclusion. A relief bounce tied to the Federal Reserve lifted the entire asset class. […] The post Why did Bitcoin and Ethereum move in near-perfect lockstep…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Singapore, Asia markets shrug off US Fed rate hike",
        "url": "https://urgent.news/2026/09/17/singapore-asia-markets-shrug-off-us-fed-rate-hike",
        "published": "2026-09-17T01:25:08.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Stocks almost flat late Thu. morning after Fed rate hike",
        "url": "https://urgent.news/2026/09/17/stocks-almost-flat-late-thu-morning-after-fed-rate-hike",
        "published": "2026-09-17T02:22:20.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Stock Market LIVE: GIFT Nifty signals negative open; Asia mkts mixed post US Fed's rate hike",
        "url": "https://urgent.news/2026/09/17/stock-market-live-gift-nifty-signals-negative-open-asia-mkts-mixed",
        "published": "2026-09-17T02:32:52.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Tokyo stocks rise after Fed's rate hike eases economic outlook concerns",
        "url": "https://urgent.news/2026/09/17/tokyo-stocks-rise-after-feds-rate-hike-eases-economic-outlook-concerns",
        "published": "2026-09-17T03:16:36.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "US dollar hits seven-week high after Fed rate hike",
        "url": "https://urgent.news/2026/09/17/us-dollar-hits-seven-week-high-after-fed-rate-hike",
        "published": "2026-09-17T04:29:00.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023",
        "url": "https://urgent.news/2026/09/17/zcash-jumps-23-as-bitcoin-and-major-tokens-rise-despite-feds-first",
        "published": "2026-09-17T04:47:27.000Z"
      },
      {
        "outlet": "The Vibes",
        "title": "Trump lashes out on US Fed chief after rate hike",
        "url": "https://urgent.news/2026/09/17/trump-lashes-out-on-us-fed-chief-after-rate-hike",
        "published": "2026-09-17T04:54:00.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets",
        "url": "https://urgent.news/2026/09/17/a-stronger-dollar-and-rising-yields-how-the-feds-rate-hike-could-hit",
        "published": "2026-09-17T05:03:07.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Asian markets mixed following Fed rate hike as Trump tariff threats weigh",
        "url": "https://urgent.news/2026/09/17/asian-markets-mixed-following-fed-rate-hike-as-trump-tariff-threats",
        "published": "2026-09-17T05:22:22.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Asian stocks are mixed after Wall Street slips following Fed’s rate hike decision",
        "url": "https://urgent.news/2026/09/17/asian-stocks-are-mixed-after-wall-street-slips-following-feds-rate",
        "published": "2026-09-17T05:22:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}