Interest rates are kept steady by Federal Reserve as Bitcoin barely moves. 📉

Bitcoin Stands Strong After Fed Leaves Interest Rates Unchanged 🚀

Bitcoin remained resilient after the Federal Reserve in the United States decided to keep interest rates unchanged, as anticipated by investors.

The Current State of Bitcoin Post-Fed Decision 📈

The largest digital asset by market value, Bitcoin, is currently priced at $66,585 according to CoinGecko, showing a 1.2% increase over the past 24 hours.

The Federal Reserve stated that the U.S. economy is growing steadily.
Despite the positive outlook, there is still uncertainty in the economic forecast.

Anticipated Rate Cut in September 📅

Investors are now looking forward to a potential rate cut by the central bank in September.

Bitcoin’s Price Journey in 2021 💰

Bitcoin reached an all-time high of nearly $74,000 in March but has since fluctuated and mostly remained below the 2021 peak of $69,044.

Investors have been avoiding volatile assets like tech stocks and crypto due to high interest rates.
The Federal Reserve raised rates significantly in 2022 to curb 40-year high inflation post-Covid-19.

Impact on Stocks and Crypto Market 📉

Both stocks and crypto assets were negatively affected by the tightening, leading investors to steer away from them.

Forecast for Bitcoin and Crypto Investments 🌐

Analysts suggest that impending rate cuts could drive more capital into the crypto space.

David Lawant of FalconX believes a rate cut cycle could boost liquidity in the crypto market.

Global Monetary Policy Trends 🌍

Investors are closely monitoring central banks worldwide to gauge their monetary policy decisions.

Japan recently raised interest rates for the second time since 2007.

Predictions for Crypto Performance 🚀

If the Federal Reserve indeed cuts rates in September, experts anticipate that risk assets like cryptocurrency will perform well towards the end of the year.