Early this morning, the Federal Reserve announced that the interest rate would remain unchanged, which is in line with market expectations. Although there was no rate cut in May, keeping the interest rate steady was anticipated by the market. Therefore, when the news was released early this morning, it was positive for the market.
Bitcoin has also surged past the $98,000 mark. Currently, since there was no rate cut in May, the probability of the Federal Reserve cutting rates in June and July will significantly increase. This conclusion is based on the market's analysis and judgment of the released data.
