Crypto Traders Watching Federal Reserve: What Will Be The FOMC Bitcoin Impact?
A head of the Federal Reserve FOMC meeting today, economists expect interest rates to remain unchanged between the 4.25% and 4.5% range. What will be the FOMC Bitcoin impact? Will BTCUSDT break $110,000?
Much was expected from the FOMC meeting in the United States.
Although the Federal Reserve was expected to keep rates steady between 4.25% and 4.50%, the Jerome Powell press conference was supposed to move markets. However, it didn’t.
Instead, the Federal Reserve was cautious, citing risks posed by Donald Trump’s tariffs. There were also mentions of sticky inflation and resilient labor markets.
This combination meant the central bank kept rates steady, disincentivizing aggressive positions in crypto assets, including $XRP .
Looking at the FOMC Dot Plot, the market still expects two 25-basis-point rate cuts in 2025. Even so, from Jerome Powell’s press conference, the central bank maintains a hawkish tone.
(Source)
Notably, seven members of the FOMC now support no cuts in 2025, up from previous projections.
