The Federal Reserve maintains the policy interest rate unchanged and suggests that high rates may still be sustained after next month's meeting.
Analysts expect that the wait-and-see attitude will result in market consolidation for several months, a trend that is favorable for Bitcoin.
BRN Chief Analyst Valentin Fournier added that inflation has cooled, tariff concerns have eased, but the slowdown in U.S. economic growth has raised concerns about stagflation.
Federal Reserve Chairman Jerome Powell expressed confidence in the "deflationary trend" at the post-meeting press conference, adopting a slightly dovish tone, but noted that robust job growth and strong consumer spending provide room for policymakers to maintain high rates.
With no urgency for rate cuts, the Federal Reserve reiterated its wait-and-see stance, pushing back expectations for the first rate cut to September.
As Bitcoin is a decentralized, borderless digital asset, it has a unique advantage in absorbing these capital inflows regardless of the Federal Reserve's domestic policy stance.
