Coinbase Predict: Fed raises rates by 25 basis points at today's meeting

The Fed's 25 bp rate hike tightens financial conditions and reinforces a higher risk-free discount rate, typically pressuring long-duration and high-beta assets. Risk appetite may soften as short-end yields reprice and liquidity expectations adjust, with spillovers to equities and crypto. For digital assets, higher funding costs and reduced marginal liquidity can weigh on near-term positioning and volatility.