Bitcoin Holds $76,000 Level Amid Weakening Demand Signals

Bitcoin (BTC) has reportedly regained the $76,000 mark after falling as low as $75,064.82 during midday trading on September 16, according to CryptoSlate. The price rebound occurred even as U.S. markets declined and Treasury yields rose. CryptoSlate reported on September 16 that Bitcoin recovered above the $76,000 level following Federal Reserve Chair Jerome Powell's press conference. At the same time, the S&P 500 dropped approximately 0.7% and the Dow Jones fell 1.2%, while the two-year Treasury yield reached 4.734%. The U.S. Federal Reserve raised its benchmark interest rate by 0.25 percentage points to a range of 3.75%-4.00%. CryptoSlate also noted that four demand-related signals for Bitcoin have weakened.