The Fed raised its benchmark interest rate by 0.25%—to 3.75–4.00%. This is the first rate hike since 2023.
Chairman Kevin Warsh said that inflation is still too high, which means the rate-hiking cycle could continue. Most Fed members expect at least one more hike before the end of the year. 🤷♂️
For $BTC , this is more of a headwind: expensive money is usually bad for risky assets.
But the market had already largely anticipated the 0.25% hike itself. That’s what we’ve seen over the past few days.
$SOL
$ETH
Chairman Kevin Warsh said that inflation is still too high, which means the rate-hiking cycle could continue. Most Fed members expect at least one more hike before the end of the year. 🤷♂️
For $BTC , this is more of a headwind: expensive money is usually bad for risky assets.
But the market had already largely anticipated the 0.25% hike itself. That’s what we’ve seen over the past few days.
$SOL
$ETH