The Macro Forces Driving Crypto Beyond Bitcoin's Rise After Fed Rate Hike.

Bitcoin and other cryptocurrencies rose after the Federal Reserve's latest monetary policy decision, but Bitcoin has stalled below a key level. Crypto traders are closely watching inflation data due next week, with expectations coalescing around the idea that it may take a shockingly hot inflation print for the Fed to execute another rate hike. While macroeconomic factors will remain influential for moves across cryptos, other market observers continue to focus on the regulatory backdrop for digital assets in the U.S. Bitcoin still remains anchored, unlikely to rally above the $30,000 level until the U.S. gets some regulatory clarity.