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Bitcoin Surges as Fed Maintains Interest Rates
The Fed delivers on analyst expectations despite Trump calling for further cuts.
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Bitcoin's price experienced significant volatility following the Federal Reserve's decision to keep interest rates unchanged, despite President Trump's calls for a rate cut.
What’s the Scoop?
- Fed's Decision: The Federal Reserve opted to maintain the federal funds rate at 4.25% to 4.50%, citing progress on inflation and labor market rebalancing.
- Market Reaction: Bitcoin's price fluctuated in response, but later rallied to $105K following the Fed meeting.
- Trump's Stance: President Trump has been vocal about his desire for lower interest rates to stimulate economic growth, contrasting with the Fed's more cautious approach.
Bankless Take
The Fed's decision to maintain current interest rates, despite political pressure, underscores a commitment to measured economic policy. For crypto investors, this highlights the importance of monitoring central bank actions, as monetary policy continues to play a pivotal role in market dynamics.