Trump Slams Fed Rate Hike as Bitcoin Rises 13% Since Sept. 16 Decision
- —The FOMC voted 12-0 on Sept. 16 to raise rates a quarter point to 3.75%-4%
- —Bitcoin rose from about $75,600 to roughly $85,500, a gain of nearly $10,000
- —The 10-year Treasury yield hit 5.29%, its highest level of 2026
- —Polymarket puts the odds of another 25 bps hike on Oct. 27-28 at 24.5%
Why it matters: Bitcoin's rally despite a rate hike shows traders had priced in tightening; a second hike would test whether that resilience holds.
Source: Bitcoin.com