Bitcoin coils near $76.5K as US stocks rebound from Fed rate hike
Bitcoin (BTC) traded near $76,500 after Thursdays Wall Street open as investors snapped up US stocks following their recent dip. Key points:Bitcoin consolidated after dropping below $76,000 on the back of a 0.25% interest-rate hike by the US Federal Reserve.US equities rebounded, with the Nasdaq Composite Index gaining 1.5% as analysis saw upside continuation.Bitcoin price analysis retained its bullish slant on market conditions, with CryptoQuants Bull Score Index circling 60/100 on Thursday. Bitcoin halts losses as US stocks turn green Data from TradingView showed that BTC price volatility was cooling over the last 24 hours, with only modest moves to take nearby liquidity. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Data from CoinGlass showed both bid and ask liquidity thickening around the current spot price, a typical feature of rangebound trading conditions. BTC/USDT liquidation heatmap (Binance). Source: CoinGlass US equities gained on the day, as investors sought to capitalize on the local downside that followed policy tightening by the US Federal Reserve. The S&P 500 Index and tech-heavy Nasdaq Composite Index gained 0.9% and 1.5%, respectively. Nasdaq Composite Index one-day chart. Source: Cointelegraph/TradingView On Wednesday, the Fed voted to increase benchmark interest rates by 25 basis points to 3.75-4%. This was its first hike since July 2023, and signaled an end









