Bitcoin broke above $80,000 on Friday, rising roughly 5.5% over 24 hours to trade near $80,940, even as the Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 3.75%–4.00% — the first hike since 2023. The rate move had been widely expected, limiting the negative reaction among digital assets.
Crypto-linked equities followed the rally. Strategy climbed about 12%, Coinbase gained around 10%, and Robinhood advanced roughly 8%. The gains reversed a sell-off earlier in the week tied to rate fears and the failure of the Clarity Act in the U.S. Senate. That bill, designed to create a clearer framework for digital assets and define SEC and CFTC roles, failed to advance, leaving regulators expected to continue setting policy through existing authority rather than new legislation.
In the broader technology and macro environment, Nvidia CEO Jensen Huang said the company could sell approximately twice as many chips in 2027 as in 2026. Estimates cited by Barron’s put Nvidia’s 2026 AI GPU sales around 5.09 million units, plus tens of thousands of complete AI server racks. Nvidia earlier said the revenue opportunity for its AI chips could reach at least $1 trillion through 2027.
The 10-year U.S. Treasury yield returned to around 5%, pressuring stocks and making bonds more competitive. Nine of the S&P 500’s 11 sectors fell in the session, with triple witching — the simultaneous expiration of stock options, index options and futures — adding to volatility. Sixteen of 18 Fed policymakers expect at least one more rate hike before the year ends, signaling that the tightening cycle may not be over.
Elsewhere in equity markets, Generac soared more than 40% after announcing a backup generator supply deal with Amazon, initially valued at about $2.4 billion and potentially up to $8 billion. Intel rose on reports that SK Hynix may lease space or form a joint venture at Intel’s Ohio chip facility, and Lucid gained after a 25,000-vehicle autonomous vehicle agreement with Bolt.
