{
  "id": 7950587,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T04:47:27.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/09/17/zcash-jumps-23-as-bitcoin-and-major-tokens-rise-despite-fed-s-first-hike-since-2023"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bitcoin rose above $76,000 after the US Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75% to 4%, a move that was widely anticipated. According to CoinDesk, bitcoin traded at $76,000, while e27 reported a 0.82% 24-hour gain to $76,318.25.\n\nThe Fed's decision was unanimous and marked its first rate hike since 2023. The central bank's projections showed limited further tightening, with 16 of 18 officials expecting at least one more hike before the end of the year, as reported by Cointelegraph.\n\nThe cryptocurrency market responded positively, with the total market cap increasing by 1%. Ethereum gained 0.80% to $2,418.94. Zcash, meanwhile, jumped 23%, with CoinDesk noting that Paradigm's Matt Huang discussed its role as a privacy complement to bitcoin.",
  "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": "e27",
        "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",
        "published": "2026-09-17T04:07:37.000Z"
      },
      {
        "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": "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."
}