Key Takeaways
According to BlockchainReporter, crypto is currently rallying with Bitcoin above $78,000, while the recent September 16 down day followed a Federal Reserve rate hike.
According to BlockchainReporter, cryptocurrency markets are currently rallying rather than falling as of September 18, 2026, with Bitcoin trading above $78,000 and major assets posting solid gains. The platform reports that the most recent notable down day occurred on September 16, when the Federal Reserve executed its first benchmark rate hike since 2023, raising rates by 25 basis points to 3.75%-4.00%. This monetary policy shift triggered a roughly 4.7% pullback in total crypto market capitalization within a 24-hour period.
During that selloff, Bitcoin dominance climbed to approximately 58.5% as investors consolidated capital into the largest and most liquid asset. Additionally, markets were digesting a failed CLARITY Act cloture vote in the Senate on the preceding Monday, which introduced caution, with XRP experiencing the sharpest losses among major assets. However, BlockchainReporter notes that the selloff proved short-lived. Markets stabilized within a day, recovering swiftly as traders digested the catalysts and extending into a broad multi-asset rally by September 18.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
