🔔 Fed Holds Rates Steady for Fifth Time – Crypto Feels the Chill
On July 30, the Federal Reserve kept interest rates unchanged at 4.25%–4.5% for the fifth straight meeting, despite inflation holding at 2.7% — still above the 2% target. While stability was expected, markets remain cautious. Crypto took a hit: the overall market fell 4.8%, with Bitcoin closing at $117,777, while Ethereum edged up to $3,809.
Investor sentiment is softening as:
– Inflation and a strong labor market delay rate-cut hopes
– Trade tariffs add economic uncertainty
– Realized gains dropped to $1.4B
– Corporations trimmed BTC reserves
Volatility stays muted, but the pressure is mounting. The Fed is walking a tightrope — and crypto is feeling the tension.