{"id":78959,"date":"2026-10-02T11:55:46","date_gmt":"2026-10-02T11:55:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-is-up-13-since-the-rate-hike-trump-says-the-fed-got-wrong\/"},"modified":"2026-10-02T11:55:46","modified_gmt":"2026-10-02T11:55:46","slug":"bitcoin-price-is-up-13-since-the-rate-hike-trump-says-the-fed-got-wrong","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-is-up-13-since-the-rate-hike-trump-says-the-fed-got-wrong\/","title":{"rendered":"Bitcoin Price Is up 13% Since the Rate Hike Trump Says the Fed Got Wrong"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Trump told Time late last month that Warsh\u2019s Fed shouldn\u2019t have lifted rates to a 3.75%-4% range.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin rose from about $75,600 to $85,950 as the 10-year Treasury yield climbed to a 2026 high of 5.29%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Polymarket gives a 24.5% chance of another 25 basis point hike at the Fed\u2019s Oct. 27-28 meeting.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>\u2018This Just Happened?\u2019<\/h2>\n<p>The exchange came during a White House sit-down on Sept. 28 that Time published as a <a href=\"https:\/\/time.com\/article\/2026\/10\/01\/donald-trump-2026-interview-transcript\/\" target=\"_blank\" rel=\"noopener noreferrer\">full interview transcript<\/a> yesterday. When the interviewers noted that Fed Chair Kevin Warsh had just overseen a unanimous vote to raise rates, Trump asked, \u201cThis just happened?\u201d and then added, \u201cI don\u2019t think they should.\u201d<\/p>\n<p>He did not aim the blame at the man he picked for the job and when asked whether he regretted nominating Warsh, Trump said the chair is \u201ccontrolled to a certain extent by the board,\u201d further adding:<\/p>\n<blockquote>\n<p>We have a very hostile board, and the board says, \u2018We want to hurt Trump.\u2019 They\u2019re not doing this for you. They\u2019re doing this because they have Trump derangement syndrome.<\/p>\n<\/blockquote>\n<p>Trump also pointed to the labor market as proof that the hike was unnecessary, citing \u201cgreat job numbers, 162,000,\u201d which he said were four times bigger than projected.<\/p>\n<p>The hike itself was not new as the Federal Open Market Committee (FOMC), the Fed\u2019s rate-setting panel, voted 12-0 on Sept. 16 to lift the federal funds target range by a quarter point to 3.75%-4%. That was its first increase in more than three years, and the <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260916a.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Fed\u2019s policy statement<\/a> read:<\/p>\n<blockquote>\n<p>Inflation remains elevated. The Committee will deliver price stability.<\/p>\n<\/blockquote>\n<h2>The Scoreboard Since Sept. 16<\/h2>\n<p>Trump\u2019s complaint lands two weeks after the decision, which makes it possible to check what the hike has actually done to the market thus far:<\/p>\n<ul>\n<li style=\"font-weight:400\" aria-level=\"1\"><b>Fed funds rate:<\/b> Up from 3.50%-3.75% to 3.75%-4%.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><b>10-year Treasury yield:<\/b> 5.01% at the Sept. 16 close, 5.29% on Sept. 30 and 5.24% on Oct. 1, according to <a href=\"https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_yield_curve&amp;field_tdr_date_value=2026\" target=\"_blank\" rel=\"noopener noreferrer\">Treasury yield data<\/a>. The Sept. 30 close was the highest of 2026 and above the 5.26% peak set in June 2007.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><b>30-year Treasury yield:<\/b> 5.35% to 5.64% over the same stretch.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><b>Bitcoin:<\/b> The asset was trading at about $75,600 when the decision landed, and around $85,500 at press time.<\/li>\n<\/ul>\n<p>Borrowing costs have also gone up as long bond yields hit levels not seen in nearly two decades, but bitcoin\u2019s price still gained close to $10,000.<\/p>\n<h2>Why Didn\u2019t Bitcoin Flinch?<\/h2>\n<p>The textbook view says higher yields should hurt assets that pay no interest, and bitcoin pays none. One reason that playbook failed this time is that traders had weeks to prepare. <a href=\"https:\/\/news.bitcoin.com\/finance\/fedwatch-turns-hawkish-with-57-odds-of-september-rate-increase\/\">Warsh flagged tighter policy<\/a> at Jackson Hole in August, resulting in bitcoin sliding below $78,000 after that speech. By Sept. 16 the move was largely priced in.<\/p>\n<p>Big-bank forecasts have also leaned the other way, with Citi recently setting a <a href=\"https:\/\/news.bitcoin.com\/market-updates\/citi-113k-bitcoin-price-target-expects-5-billion-crypto-etf-inflows\/\">$113,000 target for bitcoin<\/a> and saying it expects $5 billion in crypto exchange-traded fund inflows. Analysts tracking the move now talk openly about <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-enters-october-near-85k-95k-back-play\/\">$95,000 being back<\/a> in play.<\/p>\n<p>Trump\u2019s own comments contain a line bitcoin bulls are likely to quote. Talking about the national debt, he said growth would pay it off, then added:<\/p>\n<blockquote>\n<p>Certain levels of inflation will also pay off that debt very rapidly. Very rapidly.<\/p>\n<\/blockquote>\n<p>Inflating the debt away is the scenario many bitcoin holders say the asset was built to hedge against.<\/p>\n<h2>Oct. 28 Is the Next Test<\/h2>\n<p>The next decision comes at the <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" target=\"_blank\" rel=\"noopener noreferrer\">FOMC\u2019s Oct. 27-28 meeting<\/a> and in September, 16 of the 18 policymakers projected at least one more quarter-point hike this year, but traders are less convinced it comes this month.<\/p>\n<p>On Polymarket\u2019s <a href=\"https:\/\/polymarket.com\/event\/fed-decision-in-october-20260617190323537\" target=\"_blank\" rel=\"noopener noreferrer\">October Fed market<\/a>, \u201cno change\u201d sat at 74.5% and a 25 basis point hike at 24.5% at press time. A separate contract on whether Trump will <a href=\"https:\/\/polymarket.com\/event\/trump-publicly-insults-warsh-by\" target=\"_blank\" rel=\"noopener noreferrer\">publicly insult Warsh<\/a> by Oct. 31 traded at just 7%, a sign that bettors see the president keeping his fire on the board rather than the chair.<\/p>\n<p>That leaves a crowded October for anyone watching the bitcoin price. There is a Fed meeting, a president openly at odds with his own central bank, a 10-year yield still above 5.2%, and a list of <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitfinex-lists-17-macro-catalysts-that-could-move-bitcoin-in-october\/\">macro catalysts that Bitfinex says<\/a> could move the market before Halloween. So far, bitcoin has shrugged off the first hike. A second one would show whether that holds.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/trump-fed-rate-hike-warsh-bitcoin-price-up-13\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Trump told Time late last month that Warsh\u2019s Fed shouldn\u2019t have lifted rates to a 3.75%-4% range. Bitcoin rose from about $75,600 to $85,950 as the 10-year Treasury yield climbed to a 2026 high of 5.29%. Polymarket gives a 24.5% chance of another 25 basis point [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":78960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78959"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78959"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78960"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}