The Fed raised interest rates by 25 basis points for the first time in three years, with the dot plot signaling a more hawkish stance. The US dollar index returned to 100, weighing on US stocks. Bitcoin faces challenges from rising real rates, as spot ETF outflows hit $296 million, with markets focused on the impact of persistently high rates on crypto assets.
The Federal Reserve's first rate hike in three years has once again weighed on global risk assets. On September 17, the Fed announced a 25-basis-point rate increase, while the dot plot signaled a more hawkish stance than markets had expected. The US dollar index rose for six consecutive sessions and climbed back above the 100 mark. All three major US stock indices fell under pressure, gold also weakened, and Bitcoin faced the direct challenge of rising real interest rates, with spot ETF markets seeing significant capital outflows.