Crypto Markets React to Fed Rate Hike and Macro Drivers

Bitcoin and Ether have decoupled from traditional assets, implying that investors view the impact of monetary policy differently for digital assets than for stocks. The reduced activity in BTC and ETH volumes implies that investors are staying on the sidelines to a certain extent, and perpetual funding rates for both cryptocurrencies remain positive, indicating bullishness. "Whales" are accumulating both bitcoin and ether, with the supply held by addresses with more than 100,000 BTC and 100,000 ETH moving higher.