The Fed already raised rates by 25 bps to 3.75–4.00% on September 16, its first hike since July 2023. The move was widely expected, so the hike itself was not a big surprise. The bigger shock would have been if the Fed had decided to hold rates. A surprise hold could have made traders nervous. People might have started asking what the Fed was seeing behind the scenes, like weaker growth or problems in the job market. That uncertainty could have hurt crypto more than an expected rate hike. After the decision, $BTC held around the mid-$76K area while stocks fell and the dollar moved higher. So the main thing to watch now is the Fed’s signal that another rate hike could still happen this year. #Macro Insights# #BTC Price Analysis#