The Federal Reserve (Fed) statement that it would not cut interest rates and that keeping them where they are will increase the risks of higher inflation and unemployment.
Today, the Fed declared that it will maintain interest rates and that this would lead to future risks with unemployment.
The Fed does not see the need to stimulate the economy by cutting interest rates.
They are also afraid that this announcement will lead to an increase in unemployment and rising goods (prices).
The Fed sees a slowdown in production and this will lead to massive layoffs.
In summary:
The Fed is signaling that the fight against inflation is not over yet and that, at the same time, the economy could be facing headwinds that could lead to an increase in unemployment. This creates a delicate scenario in which the Fed will have to carefully balance its goals of price stability and maximum employment, in an environment of increasing economic uncertainty. (due to tariffs)
If this scenario is reached, BTC could fall beyond 69k, and altcoins dragged down by that fall.
