Fed Holds Rate Steady, Bitcoin Volatile at First Warsh FOMC
The US Federal Reserve left its key interest rate unchanged at 3.5-3.75%, matching market expectations. Bitcoin showed volatility following the decision, which was the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
BTCUSD
The US Federal Reserve held its benchmark interest rate at 3.5-3.75% at the latest FOMC meeting, a move that aligned with market consensus. The decision triggered price swings in Bitcoin, as traders digested the steady policy stance.
This meeting was the first chaired by Kevin Warsh, who recently took over as Fed Chair. Further background on Warsh's views was referenced in the source but not detailed here.
Source: ForkLog