Fed Hikes Rates for the First Time Since 2023, Bitcoin Spikes

60-second summary

The Federal Reserve raises interest rates for the first time since 2023, a move Wall Street had largely priced in, and Bitcoin immediately spikes, climbing roughly 5 percent to breach $30,000. The rate hike signals tighter monetary policy, prompting investors to seek non‑correlated assets, which could sustain heightened demand for crypto as a hedge against inflationary pressures.