Fed hikes rate to 3.75–4%, 30-year Treasury yield hits 5.49%
- —Fed raised rates to 3.75–4%; 30-year Treasury yield reached 5.49%
- —Bitcoin +0.85% to $84,710; Ethereum +0.27% to $2,691
- —24-hour liquidations hit $107.62 million, 56.81% shorts
- —Bitcoin dominance rose to 58.63%; total market cap $2.9 trillion
Why it matters: Higher rates and yields raise the discount rate for risk assets, but bitcoin's resilience and short-heavy liquidations point to defensive demand.
Source: TokenPost