Sep 18, 2026 · 54 min · 9 segments
The Fed raised rates by 25 basis points. Bitcoin’s reaction? Barely a move. In this episode of Token Narratives, Graham Stone, David Sencil, and Alex Richardson debate whether interest-rate decisions…
The Federal Reserve raised interest rates by a quarter of a percentage point this week, taking its benchmark range to 3.75% to 4%.
So policymakers judged that higher rates were needed to bring inflation back towards their 2% target.
For crypto, the implications run through borrowing costs, investor demand, and expectations for monetary policy.
Higher rates, of course, make leverage more expensive and increase the appeal of interest-bearing assets.
relative to holding things like equity, Bitcoin, especially which generates no income on its own.
Therefore, this hike should probably not be interpreted by itself as an announcement of accelerated balance sheet contraction.
So the question now I think is whether this increase proves sufficient or marks the beginning of further tightening.
For crypto investors, the next inflation readings and the Fed's guidance will help determine how persistent that pressure becomes.
We've had stocks, crypto, metals, risk assets in general, all either green or sideways following the Fed's decision, which was midweek.
Jordy Visser was on Bits and Bips at the beginning of the week before the FOMC meeting.
And he was talking about, for example, why are long-duration bonds in the U.S. relatively high? They're not high on a historical basis, but in the recent times, it's high.
The Federal Reserve raised interest rates by a quarter of a percentage point this week, taking its benchmark range to 3.75% to 4%.
So policymakers judged that higher rates were needed to bring inflation back towards their 2% target.
For crypto, the implications run through borrowing costs, investor demand, and expectations for monetary policy.
Higher rates, of course, make leverage more expensive and increase the appeal of interest-bearing assets.
relative to holding things like equity, Bitcoin, especially which generates no income on its own.
Therefore, this hike should probably not be interpreted by itself as an announcement of accelerated balance sheet contraction.
So the question now I think is whether this increase proves sufficient or marks the beginning of further tightening.
For crypto investors, the next inflation readings and the Fed's guidance will help determine how persistent that pressure becomes.
We've had stocks, crypto, metals, risk assets in general, all either green or sideways following the Fed's decision, which was midweek.
Jordy Visser was on Bits and Bips at the beginning of the week before the FOMC meeting.
And he was talking about, for example, why are long-duration bonds in the U.S. relatively high? They're not high on a historical basis, but in the recent times, it's high.
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