Citadel expects Fed to raise interest rates this week, and crypto markets should pay attention

Citadel expects Fed to raise interest rates this week, and crypto markets should pay attention

Fed may hike rates 25 basis points on July 30 to 3.75%-4%, defying market consensus expecting a hold. Surprise hike reprices risk assets; tighter credit and stronger dollar pressure venture funding, tech valuations, and unwinding crypto leverage.