Bitcoin rose from about $75,600 to $85,950 after the Federal Open Market Committee (FOMC), the Fed’s rate-setting panel, raised its federal funds target range by 25 basis points to 3.75%-4% on Sept. 16. The unanimous 12-0 decision was the first increase in more than three years, despite the 10-year Treasury yield reaching a 2026 high of 5.29% and longer-term borrowing costs rising. Trump told Time that the hike was unnecessary, citing job growth of 162,000, which he said was four times higher than projected. He criticized the Fed’s board rather than Fed Chair Kevin Warsh, saying the chair is controlled to some extent by the board. Markets had largely anticipated the move after Warsh signaled tighter policy in August, while Citi set a $113,000 bitcoin target and forecast $5 billion in crypto ETF inflows. Polymarket put the odds of another 25-basis-point increase at the Oct. 27-28 meeting at 24.5%, with no change at 74.5%.