Bitcoin Price Remains Steady Following US Federal Reserve’s Interest Rate Decision

The US Federal Reserve has maintained interest rates at 4.25%-4.5%, a decision expected by the market. Political pressures, including remarks from President Trump about Fed Chair Powell, surround this move. Bitcoin’s price remains steady at around $104,200 despite the decision. Additionally, readers can benefit from exclusive offers on Binance and Bybit for new accounts.

The US Federal Reserve has chosen to maintain its general interest rates, holding steady at between 4.25% and 4.5%. This decision was largely anticipated by market watchers, with predictions aligning closely ahead of the announcement. Reports from CryptoPotato earlier this week indicated that approximately 98% of Polymarket’s trading volume was leaning towards no change in rates, signalling confidence in the Fed’s approach this time around.

Looking forward, there’s speculation regarding the upcoming FOMC meeting set for September. Current trends show that about 41% of traders expect the Fed to cut rates by 25 basis points at that time. Many in the market will be watching closely for any signs of a shift in monetary policy, particularly in light of recent political pressures.

Adding to the drama was President Donald Trump’s recent critique of Fed Chairman Jerome Powell. Trump called Powell “stupid” earlier today, suggesting that he might not do the expected cuts given the contrasting approaches of Europe, which has already implemented ten cuts. Trump’s comments reflect ongoing tensions as he weighs in on monetary policy with accusations that Powell’s actions are causing significant financial issues for the country.

Despite all of this, Bitcoin’s price remains resilient, barely impacted by the Fed’s announcement. Currently, Bitcoin hovers around $104,200, sticking to its steady trend even as other market dynamics play out. This stability might indicate investor confidence in the cryptocurrency amidst a relatively volatile economic landscape.

For those looking to dive into the crypto market, there are exciting offers available. By registering a new account on Binance, users can take advantage of a $600 exclusive welcome offer. Furthermore, CryptoPotato readers can snatch a limited offer on Bybit, opening a free $500 position on any coin through a specific registration link. This could be an opportune moment for newcomers to explore the crypto scene without hefty initial investments.