After the announcement, Federal Reserve Chairman Jerome Powell stated that they will closely monitor economic data before making any decisions regarding future interest rate cuts. While no specific timeline was provided, the decision not to raise interest rates is seen as a positive signal for riskier markets, such as the cryptocurrency market.

Usually, stabilizing or lowering interest rates increases liquidity in the markets, which may encourage investors to put their money into riskier assets in search of higher returns. Additionally, Powell's remarks, which did not indicate immediate monetary tightening, may have eased investor concerns about future economic pressures.

It is important to note that this is just a potential analysis, and the cryptocurrency market is also influenced by other factors. However, the Federal Reserve's decision and the statements of its chairman are considered key drivers that investors are watching in this market ✨#BTCBackto100K #CryptoComeback #BTCtrade #TradeStories 86896215498$BTC