Posted 1/31/2024, 7:27:17 PM
Fed Holds Rates Steady, Bitcoin Holds Strong as Other Cryptos Dip Slightly
- Federal Reserve keeps interest rates unchanged, Bitcoin price holds steady while other cryptos and stocks drop
- Fed Chairman Powell says more evidence needed that inflation is on track to 2% target before considering rate cuts
- Bitcoin has decoupled from equities movements compared to previously moving together
- Ethereum down 1.5% in 24 hours, most top 20 cryptos saw minor dips after announcement
- Expert says Fed comments were slightly more hawkish than expected, expects inflation to remain high in near term delaying rate cuts