The U.S. Federal Reserve's policy rate — the effective overnight rate at which banks lend reserves to one another, and the anchor for short-term dollar funding.
It is set as a target range by the FOMC and moves in discrete steps at scheduled meetings, not continuously.
Observers treat the policy rate as one input to the discount rate applied across risk assets, including crypto. We show it as part of the backdrop — a condition to read alongside the assets, not a cause of any particular price move.
Descriptive context, not a forecast or a recommendation. We show conditions and let you draw the connection; we do not assert that this indicator moves any price.
This rate is an input to the discount rate r in each asset’s price-decomposition waterfall — r = the risk-free rate (10-year Treasury) plus a disclosed crypto risk premium. A higher r shrinks the capitalized fundamental (E/r), so the measurable floor is smaller and more of the price reads as premium. An input to a discounting model, not a claim that the rate causes a price move. See the method →