#BTCBreaks99K Fed Holds Rates Steady — Bitcoin Reacts 📊🟠

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. 💥

• BTC peaked at $99,374, marking a +2% one-day jump. 📈

As investors digested the Fed's firm and somewhat hawkish stance, BTC staged a technical rally following a brief pullback. ⚡

analysts advise:

• Risk assets may see a short-term boost after Fed stabilization—but uncertainty lingers. ⚠️

• BTC is currently in a wait-and-see mode—watch:

 • $100K psychological resistance 🔼

 • $94K support 🔽

• Keep an eye on next week’s CPI & PPI data, and developments in US-China trade talks. 📰

• Diversify into stablecoins to hedge against macro and market volatility. 🛡️