Fed Hikes Rates to 3.75%-4%, Crypto Holds Steady
The Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on September 16, the first hike since July 2023. Bitcoin traded between $75,000-$76,500 and Ether between $2,370-$2,430 with no outsized reaction, suggesting the move was largely priced in. Fed projections now point to a 4.1% median rate through 2027, while the 10-year Treasury yield hit 5.04%, raising the carrying cost for non-yielding crypto assets.














