Fed Hike Fails to Dent Bitcoin Price as Market Awaits Next Move

The Federal Reserve raised interest rates by 25 basis points to 3.75%, 4%, its first hike since July 2023, and Bitcoin reacted with a muted response.

The move was widely expected, with over 90% of financial markets anticipating the decision before the meeting.

Bitcoin held above $76,000 after the announcement, with some analysts suggesting that traders had largely priced in the move ahead of time.

However, market positioning indicated active repositioning rather than a broad risk-off move, and Bitcoin perpetual futures recorded around $82 million in net selling over the following hour.