In this week’s Trading Take, Beimnet Abebe (Galaxy Trading) and Alex Thorn (Galaxy Research) unpack the recent Federal Open Market Committee (FOMC) outcomes and their effects on market dynamics, especially concerning Bitcoin. As the first FOMC meeting unaffected by election considerations, Chair Powell presented a candid view, signaling a need for substantial inflation reduction before further rate cuts. This shift to a more hawkish tone, while expected, spurred significant market reactions, notably in crypto, where Bitcoin's resistance levels were tested following the meeting. Explore how these developments might influence future monetary policy and Bitcoin's trajectory as it navigates a tightening economic environment. Listen to the full episode here.