BlockBeats news, on May 8, the Federal Reserve unanimously decided to keep the federal funds rate unchanged at 4.25%–4.50% during the FOMC meeting, marking the third consecutive time of inaction and reaffirming its commitment to continue reducing the balance sheet to support stable economic operation. Futures indicate that the probability of a rate cut in June has fallen to about 23.8%. On the same day, BTC touched the $99,000 mark during the Asian session, recovering this level for the first time in nearly three months. The price of Bitcoin even climbed to $99,374, up nearly 2% in a single day. As investors digest the Fed's inaction and lack of an overly hawkish stance, BTC saw a technical rebound after a short-term decline.
Bitunix Analyst suggests: Risk assets received a short-term boost after the Fed maintained stability, but uncertainty remains. BTC is currently leaning towards a wait-and-see approach, paying attention to psychological pressure levels at 100K and support at 94J, continuously monitoring next week's CPI and PPI data, as well as the progress of US-China trade negotiations. Diversifying into stablecoins or gold can hedge against macro and market volatility.
