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Market Recap Rates were held constant at 3.50% - 3.75%. However, Fed officials toned down on their accommodative statements, removing the language of "additional rate adjustments." Additionally, according to the dot plot, 9 Fed officials anticipate rate hikes in 2026. As if that was not enough, Warsh abandoned the practice of forward guidance. In response, risk assets quickly reacted to the developments. BTC traded below $63K, ETH briefly dipped below $1,700, and more than $400M of leveraged positions have been liquidated. In addition, the volatility saw a massive trade made by some whale. The individual closed out 3,173 BTC of shorts for a $9.46M gain, then switched to a long position in BTC, buying 999BTC of the coin. Interestingly, traditional markets seemed to ignore the developments completely. The Nasdaq posted a gain of 1.91%, whereas S&P 500 gained 1.08%. Gold saw a slight pullback in response to the news, giving back part of its gains from the past week. More specifically, gold moved lower to $4,190 from $4,308 levels. In short, it looks like equity investors are not expecting any Fed cuts anytime soon.$BTC $BICO $RE #FedHikeReignites #STRCReserveDefense #SandwichBotSandwiched #DailyOrbit