#FedHODL The latest Federal Reserve meeting has had a significant impact on the cryptocurrency market, particularly Bitcoin. After the meeting, Bitcoin and altcoins rallied, with BTC breaking out of a bull flag pattern and targeting $116,000 ¹. This surge was largely driven by the Fed's decision to pause interest rate hikes, which has led to a more optimistic outlook for the cryptocurrency market.

However, it's worth noting that the Fed's decision was not entirely positive for crypto. Fed Chair Jerome Powell's comments on cryptocurrency reserves triggered a sharp market downturn, erasing $800 million in leveraged positions ².

In terms of Trump's impact on crypto, his policies have been viewed as favorable by some in the cryptocurrency community. However, the recent Fed meeting has taken center stage, and its impact on crypto is being closely watched ¹.

Here are some key takeaways from the latest Fed meeting:

- *Interest Rate Decision*: The Fed paused interest rate hikes, leading to a rally in Bitcoin and altcoins ¹.

- *Cryptocurrency Reserves*: Fed Chair Jerome Powell's comments on cryptocurrency reserves triggered a market downturn ².

- *Market Outlook*: The cryptocurrency market is cautiously optimistic, with some predicting a continued rally in Bitcoin and altcoins ¹.