BTC Holds Above $96K as Market Eyes Liquidity, Recession Hedge Narrative

Bitcoin (BTC) is trading at $96,161, up nearly 3% after the U.S. Federal Reserve held its benchmark interest rate steady at 4.25%–4.50%, extending its monetary policy pause for the third consecutive meeting. While no rate cut was announced, analysts believe that cryptocurrencies may still rally as broader financial conditions shift in favor of scarce, risk-on assets.