Fed raises rates by 25 basis points in first hike since July 2023

Crypto Insight Summary: The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike increases borrowing costs, reducing liquidity and risk appetite in crypto markets.