Crypto rallies through the Fed's first rate increase since 2023
Why now
Thesis: Crypto rallying through Fed hike shows positioning, not policy, drives move.
Catalyst to watch: Sustained inflows or leverage buildup.
Main risk: Positioning unwind could trigger sharp crypto pullback.
Why it matters
Crypto rising despite a Fed hike suggests the hike was priced and positioning, not policy, is driving the move.
Details
Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm disclosed a stake.
Sources
- coindesk · 2026-09-17 10:40 UTC