Bitcoin, crypto market unfazed as Fed holds interest rates steady

From fxstreet.com

Bitcoin (BTC) saw a 2% gain on Wednesday following the Federal Reserve's (Fed) decision to keep rates at 4.25% - 4.50%, which aligned with expectations. Fed Chair Jerome Powell shared that the Federal Open Market Committee (FOMC) will continue to observe economic developments, highlighting that it is still unsafe to reach a conclusion on policy changes. The Federal Reserve kept interest rates unchanged at 4.25% to 4.50% in May, in line with market expectations. Market participants have highly anticipated the decision, following weeks of tension surrounding the US economy. Fed Chair Jerome Powell stated in a press ... (full story)