Bitcoin trades flat after Federal Reserve halts rate hike

The Federal Reserve opted not to raise its federal funds rate after the Federal Open Market Committee (FOMC) meeting on Wednesday, breaking an uninterrupted streak of aggressive hikes through March 2022.

Bitcoin reacted to the announcement with minimal volatility, remaining in a range between $25,800 and $26,000.

• Bitcoin Traded For $26,000 Minutes Ahead of the Fed Announcement, before later falling to $$25,756. It trades for $25,868 at press time.
• The change in prices did nothing to offset the losses suffered last week after the US Securities and Exchange Commission (SEC) sued two of the biggest players in the crypto industry – binance And coinbase For violation of securities law.
• data from coin Shows that the move resulted in minimum liquidations in the last 24 hours, amounting to $28 million.
• The Federal Reserve raised its policy rate at its last 10 meetings, reaching 9.1% in June 2022. secret of inflation Back to 4% over the past month.
• The central bank’s decision to keep rates flat was in line with market expectations, which Fed Governor Philip N. turned after jefferson suggested weeks ago that the central bank could keep its policy rate “on hold” in the “coming meeting”.
• “Excluding a rate hike at an upcoming meeting will allow the committee to see more data before making a decision about additional policy tightening,” he explained at the time.
• The governor clarified that the decision to skip the hike should not be interpreted as a confirmation by the Fed of its “peak rates” for this cycle.
• Within its announcement, the central bank explained that the committee may “adjust” its monetary policy stance if “risks emerge that could hinder the achievement of the committee’s goals.”

The Federal Reserve opted not to raise its federal funds rate after the Federal Open Market Committee (FOMC) meeting on Wednesday, breaking an uninterrupted streak of aggressive hikes through March 2022.

Bitcoin reacted to the announcement with minimal volatility, remaining in a range between $25,800 and $26,000.

• Bitcoin Traded For $26,000 Minutes Ahead of the Fed Announcement, before later falling to $$25,756. It trades for $25,868 at press time.
• The change in prices did nothing to offset the losses suffered last week after the US Securities and Exchange Commission (SEC) sued two of the biggest players in the crypto industry – binance And coinbase For violation of securities law.
• data from coin Shows that the move resulted in minimum liquidations in the last 24 hours, amounting to $28 million.
• The Federal Reserve raised its policy rate at its last 10 meetings, reaching 9.1% in June 2022. secret of inflation Back to 4% over the past month.
• The central bank’s decision to keep rates flat was in line with market expectations, which Fed Governor Philip N. turned after jefferson suggested weeks ago that the central bank could keep its policy rate “on hold” in the “coming meeting”.
• “Excluding a rate hike at an upcoming meeting will allow the committee to see more data before making a decision about additional policy tightening,” he explained at the time.
• The governor clarified that the decision to skip the hike should not be interpreted as a confirmation by the Fed of its “peak rates” for this cycle.
• Within its announcement, the central bank explained that the committee may “adjust” its monetary policy stance if “risks emerge that could hinder the achievement of the committee’s goals.”