Bitcoin's price experienced fluctuations following the U.S. Federal Reserve's decision to maintain its benchmark fed funds rate at 4.25%-4.50%. After the announcement, the price dipped to $101,800, reflecting market responses to the Fed's indications of elevated inflation. This was the first pause since the Fed began cutting rates last September, reducing the feed funds rate by 100 basis points during this period. In contrast, long-term interest rates, specifically the U.S. 10-year Treasury yield, rose significantly from 3.6% to 4.6%. Fed Chair Jerome Powell is expected to provide further insights into future policy directions during an upcoming press conference, amid strong economic reports and inflation concerns. Market analysts are particularly focused on the implications of the Fed's steady rates against this backdrop of economic strength and inflationary pressures. James Van Straten, a senior analyst at CoinDesk, highlighted Bitcoin's role in the broader financial system and ongoing market dynamics.

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