Fed Decision Looms as Crypto Markets Await Interest Rate Hike

The Federal Reserve will announce its latest interest rate decision at 2:00 PM ET today. The current target range is 3.50%, 3.75%, while markets expect a 25-basis-point hike to 3.75%, 4.00%. A key market reaction could come from the Fed's guidance on future rate moves.

A hike in interest rates could pressure stocks and cryptocurrencies, while a hold could provide relief to risk assets. The decision and subsequent guidance are expected to be key volatility catalysts for crypto markets.