Fed Holds Rates at 3.75%-4% as Bitcoin Gives Back Brief Gain

The two dissents toward a hike are the detail worth noting: a hold that still carries hawkish internal pressure signals the policy debate has not settled, which matters for rate-sensitive risk assets like bitcoin. The muted price reaction suggests the decision was largely anticipated, so positioning may hinge more on what the dissents imply about the next meeting than on the hold itself. Whether that internal split hardens into a broader hawkish tilt is the open question.