Live updates: Bitcoin continues near $76,000 as stocks surge following Fed rate hike

U.S. markets moved higher on Thursday as investors reacted to the Federal Reserve's latest rate decision and a decline in government bond yields. The Nasdaq climbed 1.7% and the S&P 500 added 1.15%, with large-cap technology names including Nvidia, Alphabet, Tesla, Amazon and Eli Lilly each gaining at least 1%. Semiconductor stocks such as Micron, AMD and Intel rose by 5% or more. Treasury yields eased across the curve, with the 10-year note down about 6.5 basis points to 4.94% and the two-year slipping roughly 5.4 basis points to 4.67%. The move lower in yields coincided with risk assets advancing and traders redeploying capital after uncertainty around the Fed decision dissipated. Bitcoin traded near $76,000, up roughly 0.5% on the day and lagging the broader CoinDesk 20 Index, which rose about 1.5%. Crypto-related equities reacted strongly to regulatory news: the U.S. Securities and Exchange Commission released its long-anticipated "innovation exemption," outlining requirements for blockchain-based venues to offer tokenized securities, and Securitize shares jumped more than 20% after its CEO praised aspects of the rule. Commodities and other market narratives also featured in the session. West Texas Intermediate crude oil was around $102 per barrel after earlier weakness, while U.S. diesel hit a record high of $6.29 per gallon. Banking and commodity research desks flagged uncertainty from the Middle East conflict—JPMorgan's commodities team said it no longer has a baseline view on how to model an endgame. Separately, CleanSpark and CoreWeave announced large debt offerings, and data-center stocks including TeraWulf advanced following positive analyst commentary.