Fed Holds Rates at 3.5-3.75% as Expected; Bitcoin Volatile
The US Federal Reserve kept interest rates unchanged at 3.5-3.75%, matching market expectations. Bitcoin reacted with volatility during the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
BTCUSD
The US Federal Reserve held its key interest rate steady at 3.5-3.75% at the latest FOMC meeting, a decision that aligned with market expectations.
Bitcoin experienced heightened volatility in response to the announcement, though no directional trend has emerged. The meeting marked the first under the leadership of new Fed Chair Kevin Warsh, who succeeded Jerome Powell earlier this year.
Source: ForkLog