Bitcoin spiked to $76,499.99 five minutes after the Fed release Wednesday and gave the entire move back within half an hour, and now trades below $76,000 at a three-and-a-half-week low. The median policymaker projection moved to 4.1% at end-2026 against 3.8% in June, which is the part that keeps working against risk assets. The contrast with Zcash is stark: the privacy token is up roughly 130% over 30 days while Bitcoin has spent the same period grinding lower.