HTX analyst: hawkish Fed pivot reduces uncertainty for crypto
- —Fed raised rates by 25 bps, all 12 votes in favor
- —Dot plot points to one more hike by year-end
- —Growth forecast raised, unemployment lowered, but core inflation decline delayed
- —Hawkish stance lifted Treasury yields and the dollar, pressuring gold
Why it matters: A transparent Fed path compresses the risk premium, which in the medium term is more supportive for crypto assets, but in the short term pressures via rising yields.
Source: PANews