The Fed unanimously approved a 25bp rate hike on September 17 — its first increase since 2023. BTC briefly dropped to $75,700 before rebounding to $76,400. CME FedWatch now puts the odds of a cumulative 25bp hike by December at 49.6%, with 37.2% odds on 50bp.
The market absorbed this hike well, but tightening ahead could still squeeze crypto liquidity. October and December are the next catalysts to watch.