Bitcoin, crypto market unfazed as Fed holds interest rates steady
- The Federal Reserve left interest rates unchanged at 4.25% – 4.50%, in line with market expectations.
- Fed Chair Jerome Powell stated that the agency will continue to monitor economic developments, maintaining a wait-and-see approach.
- The crypto market held steady following the Fed decision, with top assets Bitcoin, Ethereum, XRP and Solana seeing little price changes.
Bitcoin (BTC) saw a 2% gain on Wednesday following the Federal Reserve’s (Fed) decision to keep rates at 4.25% – 4.50%, which aligned with expectations. Fed Chair Jerome Powell shared that the Federal Open Market Committee (FOMC) will continue to observe economic developments, highlighting that it is still unsafe to reach a conclusion on policy changes.
