#BTCBreaks99K On May 8, the Federal Reserve unanimously voted to keep the federal funds rate unchanged at 4.25%–4.50% during the FOMC meeting—holding steady for the third consecutive time. 🏦
The Fed also reaffirmed its plan to reduce its balance sheet to support stable economic functioning. 📉
🔍 Key Highlights:
• Interest rate futures now show just a 23.8% probability of a rate cut in June.
• On the same day, Bitcoin (BTC) surged, reclaiming the $99,000 level during the Asian session for the first time in nearly 3 months. 💥