The Federal Reserve of the United States left interest rates unchanged, despite ongoing inflation concerns. This decision has impacted the cryptocurrency market.
FED's Interest Rate Decision
The Federal Reserve (FED) announced its decision to keep interest rates at 4.25%-4.5%. Forecasts for rate cuts in 2025 remain unchanged, despite ongoing high inflation concerns.
Rise of Bitcoin and Altcoins
Bitcoin and altcoins rose after the Federal Reserve signaled looser financial conditions. BTC climbed above $87,000, spurring bullish market discussions.
Experts' Predictions for Bitcoin's Future
Real Vision chief crypto analyst Jamie Coutts stated that looser financial conditions have stoked risk appetite. He projects Bitcoin might enter a bull market within three months. Speaking with Decrypt, Coutts emphasized that historically, such financial signals often precede major moves in BTC. With the People's Bank of China increasing liquidity measures, the market is underestimating the rapidity with which Bitcoin can rise. A new ATH for Bitcoin is likely before the end of Q2, driven by strong bullish signals despite tariff policy and recession risks.
The FED's interest rate decision is already significantly impacting the cryptocurrency market. Experts predict that Bitcoin may continue to rise in the coming months.
