Back to collectionA 25-Basis-Point Hike Lands; BTC Rises While Project Questions Remain
After the first allowlist announcement, newcomers in Discord were still working through the rules, while market participants awaited the Federal Reserve's interest-rate decision. The Federal Reserve's 25-basis-point rate increase took effect, settling the decision people had awaited, and BTC rose back to USD 41,000. The rate decision removed one short-term uncertainty but announced nothing on the studio's behalf.
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After the first allowlist announcement, newcomers in Discord were still working through the rules, while market participants awaited the Federal Reserve's interest-rate decision. Both kinds of waiting entered the community discussion, and some tried to infer the project's schedule from the market.
The Federal Reserve's 25-basis-point rate increase took effect, settling the decision people had awaited, and BTC rose back to USD 41,000. Some in the group saw the rise as a change in sentiment; others cautioned that it was only the immediate price reaction. The Night Watchman kept market judgments in the market discussion and continued helping newcomers find the announced allowlist information.
The rate decision removed one short-term uncertainty but announced nothing on the studio's behalf. The community could discuss the market reaction that had occurred and check the eligibility guidance already available. Whether the price would hold, and when the project would share its next update, remained unanswered that day.