#fedratewatch BIG DAY FOR MARKETS 🚨
The Fed is widely expected to hike rates 25bps today, from 3.50%–3.75% to 3.75%–4.00%, the first hike since 2023.
But for $BTC and altcoins, Powell’s message could matter more than the hike itself.
A hawkish Fed could strengthen the dollar and push yields higher, putting pressure on Bitcoin and especially riskier altcoins.
A dovish or neutral message could spark relief across risk assets.
That comes as the CLARITY Act failed to advance yesterday, while the proposed Strategic Bitcoin Reserve gets attention today.
Fed + crypto regulation + Bitcoin Reserve = volatility.
The Fed is widely expected to hike rates 25bps today, from 3.50%–3.75% to 3.75%–4.00%, the first hike since 2023.
But for $BTC and altcoins, Powell’s message could matter more than the hike itself.
A hawkish Fed could strengthen the dollar and push yields higher, putting pressure on Bitcoin and especially riskier altcoins.
A dovish or neutral message could spark relief across risk assets.
That comes as the CLARITY Act failed to advance yesterday, while the proposed Strategic Bitcoin Reserve gets attention today.
Fed + crypto regulation + Bitcoin Reserve = volatility.