Bitcoin under pressure after Fed’s hawkish rate hold, analysts say

The signal here is less the Fed's decision than the market's repricing of December odds, which shifts the macro backdrop for risk assets including Bitcoin. That makes BTC increasingly a rates-and-dollar trade rather than an isolated crypto story, with Treasury yields and the greenback now doing much of the driving. The inflation print is the near-term swing factor, and whether the hawkish repricing holds or fades is the open question. For RWA and digital-asset desks, the takeaway is that macro correlation, not sector-specific flow, is setting the tone.