Fed Rate Hold Sparks Crypto Market Rally, Bitcoin Surges Above $85,000
TLDR
- Federal Reserve projects two 25 basis point rate cuts in 2025, totaling 50 basis points
- Crypto Fear and Greed Index rose 17 points to 49, moving from “Fear” to “Neutral” territory
- Fed maintained interest rates at 4.25%-4.50%, with Powell warning about inflation and tariff impacts
- Bitcoin rose 3% to $85,786 following the Fed announcement
The cryptocurrency market experienced a strong rally following the Federal Reserve’s decision to maintain interest rates, with Bitcoin climbing above $85,000 and the market sentiment shifting from fear to neutral.
The Federal Reserve announced on March 19 that it would keep interest rates steady at 4.25%-4.50%. This decision came amid ongoing concerns about inflation and…
