Federal Reserve Rate Path: Impact on Ethereum and Treasury Companies (2022-2025)

The Federal Reserve's aggressive interest rate hikes in 2022 significantly pressured Ethereum (ETH) and related treasury company valuations. A subsequent period of stable, high rates in 2023 allowed for partial recovery, while rate cuts starting in late 2024, combined with structural catalysts like ETF approvals, fueled a renewed bull market for ETH and a complex valuation dynamic for treasury companies.