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Bitcoin holds $76,000 despite U.S. rate hike, faces test from possible further tightening

Bitcoin held the $76,000 level despite a U.S. Federal Reserve rate increase, avoiding an immediate shock. The Fed lifted rates by 25 basis points to 3.75 to 4 percent, its first hike since 2023, while bitcoin traded around pre-announcement levels and rose 1.35 percent to $76,663 even as U.S. stocks fell. Attention has shifted to possible further tightening, with most officials forecasting at least one more hike this year.