Fed Hikes, Zcash Explodes 23%, Circle's Arc Launch Hijacked by Memecoins
Stock Market Today
September 17, 2026
Markets absorbed the Fed's first rate hike since 2023 with surprising resilience. Bitcoin holds seventy-six thousand seven hundred dollars as the central bank raised rates twenty-five basis points to three point seven five to four percent, signaling at least one more hike before year-end.
Speakers Capital Copilot
TopicsBusiness NewsNewsDaily News
Capital Copilot (0:00)
Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bon amour, crypto and the events moving markets. Let's get into it. The Fed delivered its first rate hike since July, 2023, raising 25 basis points to a range of 3.75 to 4%.
Bitcoin trades at $76,722, up nearly 1%.
Ethereum sits at $2,459.
The FOMC DOT plot shows only one more rate hike projected through 2027, signaling a pause in tightening. That dovish, lean-fueled relief. NASDAQ futures jumped over 1%, gold gained and the dollar dropped. Bitcoin ETFs saw $450 million in outflows yesterday, over $1 billion in net redemptions since September 8 Zcash surged 23% after Paradigm co-founder, Matt Huang disclosed his firm owns ZEC and backs the Zcash Open Development Lab. He called Zcash a private complement to Bitcoin. Zcash now commands a $23 billion market cap, double that of Monero. This rally triggered $345 million in liquidations across crypto, with Zcash accounting for $56 million.
Circle launched ARK, its Ethereum-compatible Layer 2, backed by BlackRock, Visa, and Mastercard. ARK processed 7.83 million transactions in 24 hours. But Memecoins hijacked day one. 400,000 new accounts deployed 73,000 smart contracts, nearly all for memecoin speculation. Top Memecoins, Tali, Long, and Kool crashed 56 to 77% from launch highs. Ripple released XRP, Ledger AI Starter Kit version 1.1, adding machine payments protocol support. AI agents can now pay for services using XRP and Ripple's stablecoin RRLUSD. Celsius Bankruptcy Estate is suing BitMEX for $495 million over March 2020 COVID crash liquidations. That wraps your market intel. Trade smart out there. For deeper insights and real time analysis, visit capitalcopilot.io.
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