Macro· ★★★★★· bearish·

Fed Hikes Rates for the First Time Since July 2023

  • —Fed raised rates for the first time since July 2023
  • —Tighter policy squeezes liquidity for risk assets
  • —Past hiking cycles coincided with crypto drawdowns
Why it matters: Tighter Fed policy pressures liquidity and risk assets, including bitcoin and altcoins.
Source: Google News (crypto query)