Fed Hikes Rates Again, But Crypto Market Remains Unfazed

The Federal Reserve raised interest rates for the first time since 2023 on September 16, 2026. The rate hike was a quarter point, moving the federal funds target range to 3.75%-4.00%. Bitcoin remained above $75,000 due to traders' anticipation of this move.

The Federal Open Market Committee voted unanimously, 12-0, with no one surprised by their decision. Traders had already priced in the hike weeks ago, as shown by the market's calm reaction.

The crypto market showed resilience, with the whole market cap valued at around $2.67 trillion and Bitcoin's dominance at 58.53%. The largest cryptocurrency exchange, Binance, reported that spot prices held steady despite a wave of liquidated leveraged positions.