$BTC The Fed finally did it — the first rate hike in three years.
And the bigger problem is the dot plot: it suggests another hike later this year is still very much on the table.
Short term, though, the market had already priced in this move and sold off ahead of the decision. That means traders can partially interpret today’s hike as “sell the rumor, buy the fact.” Bitcoin has already started to bounce a little.
But the longer-term pressure is still there. Higher rates mean tighter liquidity, stronger yields, and a tougher environment for risk assets.
That said, I’m not convinced the Fed will actually deliver the second hike.
There’s still room for the macro picture to change. If geopolitical tensions cool over the next few months, oil prices could fall, inflation could ease, and the Fed may decide that another hike is no longer necessary.
So my view is simple:
Short term: relief bounce is possible.
Medium term: rate pressure remains.
Second hike: still uncertain — it may end up being more of a warning to markets than an actual move.
For $BTC , the next major catalyst may not be today’s hike — it’s whether that second hike ever happens.
$GOOGL.US $SPCX
#fedratewatch #FedHikes25BpsUSStocksClose #CryptoVCFundingRebounds$5.6BInQ2 #ZcashRises6% #XRPSinks10%
And the bigger problem is the dot plot: it suggests another hike later this year is still very much on the table.
Short term, though, the market had already priced in this move and sold off ahead of the decision. That means traders can partially interpret today’s hike as “sell the rumor, buy the fact.” Bitcoin has already started to bounce a little.
But the longer-term pressure is still there. Higher rates mean tighter liquidity, stronger yields, and a tougher environment for risk assets.
That said, I’m not convinced the Fed will actually deliver the second hike.
There’s still room for the macro picture to change. If geopolitical tensions cool over the next few months, oil prices could fall, inflation could ease, and the Fed may decide that another hike is no longer necessary.
So my view is simple:
Short term: relief bounce is possible.
Medium term: rate pressure remains.
Second hike: still uncertain — it may end up being more of a warning to markets than an actual move.
For $BTC , the next major catalyst may not be today’s hike — it’s whether that second hike ever happens.
$GOOGL.US $SPCX
#fedratewatch #FedHikes25BpsUSStocksClose #CryptoVCFundingRebounds$5.6BInQ2 #ZcashRises6% #XRPSinks10%
