Bitcoin Rallies Past $87K Despite the Fed Hike, Here's Why

Fri, 25 Sep 2026 12:00:00 +0000

Something happened this month that didn’t happen in 2022, and it’s worth sitting with for a second: the Fed raised rates, and Bitcoin rallied anyway.

On September 16, the Federal Reserve hiked its benchmark rate a quarter point to 3.75%–4.00% its first hike since 2023, the kind of move that historically sends risk assets, Bitcoin included, into a tailspin. Instead, Bitcoin held near $76,000 through the announcement, then took off. By September 23 it was trading around $84,000. A day later it pushed past $87,000. That’s roughly flat for the year at this point, which honestly says a lot given how rough some of the months in between were.

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Bitcoin Rallies Past $87K Despite the Fed Hike, Here's Why