Grayscale Downplays Impact of 25-Basis-Point Rate Hike on Crypto Markets

The Federal Reserve recently raised its benchmark interest rate by 25 basis points to a target range of 3.75%-4.00%, sparking little immediate reaction from Bitcoin and other major crypto assets.

Grayscale Research views this move as an isolated adjustment rather than the start of a broader tightening cycle, citing a policy gap between the current increase and previous sustained hikes.

According to Grayscale's head of research Zach Pandl, 'the 25-basis-point hike is more akin to a mid-cycle adjustment' rather than a cyclical shift in official policy.