The Federal Reserve held interest rates steady at 3.5%–3.75% Wednesday, with policymakers voting 9-3 to pause — the most divided FOMC split this year — as inflation concerns tied to geopolitical disruption kept the central bank on hold, Reuters reported.

Markets reacted badly. The Dow fell roughly 1,150 points. The VIX, Wall Street’s fear gauge, spiked 13.45% to 20.66. The 10-year Treasury yield climbed to 4.62%, its highest in months. SPY fell 1.54% and QQQ dropped 2.04%.

Crypto held in more quietly. Bitcoin traded around $64,036 at time of writing — up 0.62% in the past 24 hours but down 2.38% over the week. Etherum was similarly flat at $1,906, up 0.80% daily but down 0.69% over seven days. Solana fell further, down…