Bitcoin holds steady above $117,000 after the Federal Reserve announces it will keep interest rates unchanged, maintaining its target range of 4.25% to 4.50%. The decision, widely expected by markets, signals the central bank’s continued wait-and-see approach as it monitors inflation and economic data.

In its official statement, the Fed said, “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate

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