the Fed hiked and crypto did the opposite of what it's supposed to do
textbook says higher rates pull money out of risk assets
crypto just ignored the textbook completely
fed raised rates 25 basis points yesterday first hike since july 2023 and btc climbed anyway holding near 76,300 even as stocks slipped on the same news
two readings on why either the hike was so thoroughly priced in that there was nothing left to sell or crypto buyers are treating a hiking cycle as a dollar debasement bet rather than a reason to de risk
honest answer probably both at once
worth remembering the real story isn't yesterday's move it's the fed's own dot plot 16 of 18 officials now expect at least one more hike this year that's up from just 8 officials in june who expected zero hikes for the entire year that's a genuine shift in how the fed sees inflation risk not just one decision
$BTC
#FedHikes25BpsUSStocksClose #FedSEPProjects2026RateAt4.1%
textbook says higher rates pull money out of risk assets
crypto just ignored the textbook completely
fed raised rates 25 basis points yesterday first hike since july 2023 and btc climbed anyway holding near 76,300 even as stocks slipped on the same news
two readings on why either the hike was so thoroughly priced in that there was nothing left to sell or crypto buyers are treating a hiking cycle as a dollar debasement bet rather than a reason to de risk
honest answer probably both at once
worth remembering the real story isn't yesterday's move it's the fed's own dot plot 16 of 18 officials now expect at least one more hike this year that's up from just 8 officials in june who expected zero hikes for the entire year that's a genuine shift in how the fed sees inflation risk not just one decision
$BTC
#FedHikes25BpsUSStocksClose #FedSEPProjects2026RateAt4.1%
