The FOMC hinted at the possibility of higher inflation for 2025, influenced by Trump’s commentary on future U.S. trade policies. This has led the market to reprice expectations, dropping a previously anticipated 50bp rate cut. Instead of four rate cuts initially expected for 2025, the market is now pricing in only two. This shift has created nervousness in the crypto market, as higher interest rates could pressure valuations. However, my personal bias remains bullish. I see this as a strategic buying opportunity for long-term investors as the market adjusts to these changing dynamics.