Bitcoin steady as Fed holds ✊🏼

Investors expected interest rates to remain unchanged, but FOMC members were divided.

📝 What you need to know

Bitcoin and Ethereum were treading water Wednesday after the Federal Reserve left interest rates unchanged, extending a wait-and-see stance that markets had largely priced in.

Crypto prices showed little reaction to Chair Jerome Powell’s comments, as traders parsed the central bank’s outlook for when—or whether—rate cuts might arrive later this year. Bitcoin hovered near recent levels, while Ethereum also held steady, reflecting broader market caution rather than conviction.

With inflation still sticky and policymakers signaling patience, crypto markets appear stuck in macro limbo—steady for now, but increasingly sensitive to any hint the Fed’s next move could finally be a cut.

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