Fed Increased Rates, Why is The Crypto Market Up?

The crypto market rose despite the Federal Reserve’s rate hike, indicating that investors had largely priced in the decision and were responding to its reduced uncertainty. Bitcoin’s gains were also supported by expectations that the Fed may slow or pause further increases as economic conditions weaken, improving sentiment toward risk assets. The move does not eliminate macroeconomic risks, however, and continued tightening or a more hawkish outlook could reverse Bitcoin’s rally.