The Federal Reserve kept interest rates unchanged at 4.25%-4.50%, with minimal impact on Bitcoin and other cryptocurrencies. Chairman Powell emphasised the need for caution amidst economic uncertainties. The cryptocurrency market, particularly Bitcoin, held steady with minor gains despite mixed reactions in other sectors following the announcement.
In a decision that met market predictions, the Federal Reserve decided to keep interest rates steady, holding them at a range of 4.25% to 4.50%. This announcement by Fed Chair Jerome Powell sparked little excitement in the cryptocurrency market, as many assets displayed only slight movements. Bitcoin, for example, experienced a modest gain of 2% on Wednesday following the news.
