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Why crypto is pumping The hike was already priced in, so the sell-off happened ahead of the print. Shorts got squeezed, oil cooled off, and altcoins led the move — especially ZEC, HYPE, and DeFi. This doesn’t look like fresh liquidity entering the market. Rates actually moved higher, while ETFs are still seeing outflows. $80K BTC remains the key level. For now, this looks more like a relief rally than a regime change.