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Crypto Macro

Bitcoin Shrugs Off Fed’s First Rate Hike Since 2023 as Officials Signal More Tightening

Bitcoin showed little immediate reaction to the Federal Reserve’s first rate increase since 2023. Sixteen of 18 Fed officials expect at least one more hike before the end of the year. The Fed’s tightening path remains a key macro input for crypto markets.

Original source

AI take

The muted reaction suggests crypto is no longer trading purely as a rates-sensitive asset, or that the hike was fully priced in. What matters is the forward guidance: an overwhelming majority of officials still see more tightening ahead, keeping the macro backdrop restrictive. Whether bitcoin continues to decouple from Fed policy — or catches up to it — is the open question.

Generated by AI for reference only.

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