⚡ The Fed raised interest rates for the first time since 2023, and Bitcoin $BTC unexpectedly surged to 76,000 USD
The Fed increased rates by 0.25 percentage points, bringing the federal funds rate to 3.75% - 4%, with unanimous agreement from all 12 FOMC members. Bitcoin traded around 75,000 - 75,800 USD before jumping to 76,000 USD, while the overall crypto market fell by about 2.18%.
Why is it noteworthy?
The move closely matched market expectations (CME FedWatch predicted 93%), but PPI in August rose 5.4%, CPI increased 3.4%, and oil prices climbed above $100 per barrel due to conflicts with Iran—still forcing the Fed to tighten. Barclays, Citigroup, JPMorgan, Morgan Stanley, and UBS forecast a total tightening of 50 basis points by the end of the year.
In simple terms:
The Fed raised rates as expected, so Bitcoin didn’t drop—it even inched up, even though most of the crypto market is still in the red.
#CryptoNews
🔗 Source: Decrypt
⚠️ Information is for reference only and is not investment advice. Do your own research before making any decisions (DYOR).
The Fed increased rates by 0.25 percentage points, bringing the federal funds rate to 3.75% - 4%, with unanimous agreement from all 12 FOMC members. Bitcoin traded around 75,000 - 75,800 USD before jumping to 76,000 USD, while the overall crypto market fell by about 2.18%.
Why is it noteworthy?
The move closely matched market expectations (CME FedWatch predicted 93%), but PPI in August rose 5.4%, CPI increased 3.4%, and oil prices climbed above $100 per barrel due to conflicts with Iran—still forcing the Fed to tighten. Barclays, Citigroup, JPMorgan, Morgan Stanley, and UBS forecast a total tightening of 50 basis points by the end of the year.
In simple terms:
The Fed raised rates as expected, so Bitcoin didn’t drop—it even inched up, even though most of the crypto market is still in the red.
#CryptoNews
🔗 Source: Decrypt
⚠️ Information is for reference only and is not investment advice. Do your own research before making any decisions (DYOR).