The Federal Reserve raised its benchmark rate by a quarter percentage point on Sept. 16 in a unanimous vote, its first hike since July 2023. The article notes rate hikes are usually a headwind for crypto, yet Bitcoin was up 10% since the hike as of Oct. 11. It points to March 2022, when the Fed's hike was followed by a bear market in which Bitcoin fell 65% and the total crypto market cap dropped from over $2 trillion to $839 billion. In the earlier cycle that began in December 2015, Bitcoin rose 63% after six months and 73% after a year even as rates climbed. The article suggests the market may be choppy over the next six months to a year, while cautioning that nothing is guaranteed.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/13/2026 | 83,169.00 |
| Change that session | +1.61% |
EUR/USD
▼ Likely negativeRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/13/2026 | 1.11993 |
| Change that session | +0.39% |
AUD/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/13/2026 | 0.69837 |
| Change that session | +0.37% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/13/2026 | 2,497.95 |
| Change that session | +2.08% |
GBP/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/13/2026 | 1.32555 |
| Change that session | +0.35% |
NZD/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/13/2026 | 0.56130 |
| Change that session | +0.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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