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TradingKeyAuthorBlock Tao
Sep 17, 2026 2:05 AM
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Following the Federal Reserve’s anticipated 25-basis-point rate hike on September 17, removing macro uncertainty and calming panic over the Clarity Act’s Senate defeat, the cryptocurrency market experienced a broad rebound. Bitcoin rose 1.5% to reclaim $76,000, Ethereum gained 1.8% to surpass $2,400, and XRP rebounded 2% to $1.3, alongside gains in BNB and Solana. Driven by short covering and the clearing of negative catalysts, the market entered a technical recovery. If Bitcoin sustains the $76,000 support level, it is positioned for a volatile upward trend through late September, with potential to retest $80,000.
TradingKey – Macro bad news cleared, Fed decision sparks broad crypto market rally, Bitcoin reclaims $76,000 high.
On September 17, the Fed’s rate hike decision removed uncertainty and sparked strong buying momentum, driving a widespread cryptocurrency rebound. Among them, Bitcoin (BTC) rose 1.5%, reclaiming the $76,000 level; Ethereum (ETH) gained 1.8%, standing above $2,400; Ripple (XRP) rebounded 2%, touching the $1.3 mark; while major coins such as BNB and Solana all recorded gains of varying degrees.
The driving logic behind this crypto market rebound is the clearing of negative news. Today, the Federal Reserve announced a 25-basis-point rate hike to the 3.75%–4.00% range, in line with market expectations, which had already been priced in with a probability of over 90%. Once uncertainty settled and the dot plot showed no extremely aggressive hawkish signals, sideline capital and short positions quickly covered, pushing risk assets across the board into a rebound.
In addition, the failure of the Clarity Act to pass the 60-vote threshold in the Senate on the previous day triggered panic selling in the market, causing cryptocurrencies to plunge collectively and sending the BTC price below the key support level of $75,000. However, after digesting the negative news from the bill, a technical oversold rebound was triggered. Currently, the Bitcoin price has returned above $76,000. If it can hold this level today, it is still expected to trend higher with volatility through late September, making another attempt at the $80,000 mark.
Bitcoin price chart, source: TradingView
This content was translated using AI and reviewed for clarity. It is for informational purposes only.
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