The U.S. Federal Reserve is set to announce its decision to maintain the current interest rate. This decision is anticipated to have minimal immediate impact on Bitcoin and Ethereum prices.
Federal Reserve's Rate Decision and Market Impact
The Federal Reserve has decided to keep the interest rate unchanged as expected by major market players. CME's 'FedWatch' data indicates a 99.9% probability of no rate changes, reflecting market stability. This decision maintains current parameters influencing macroeconomic risk assets like Bitcoin and Ethereum. The market's confidence in steady policy suggests limited volatility unless unforeseen policy adjustments occur in upcoming announcements.
Bitcoin and Ethereum Outlook Amid Fed Consistency
Bitcoin (BTC) currently holds a price of $103,850.24 and has seen a 23.29% increase over the past 90 days. Its market cap stands at $2.06 trillion, with trading volumes dipping by 17.13% to settle at $48.30 billion. This indicates a relative stability in the market amidst the Federal Reserve's consistent policy.
Future of Crypto Market Under Unregulated Environment
The Coincu research team emphasizes that regulatory environments and interest rate trends have historically shaped crypto markets. In this instance, the Federal Reserve's steady stance aligns with expectations of stable digital asset market activity despite potential regulatory developments under new SEC leadership.
Overall, the Federal Reserve's decision to maintain the interest rate is expected to have minimal impact on the cryptocurrency market, which may contribute to the stability of Bitcoin and Ethereum.
