Bitcoin, Ethereum Wobble as Fed Holds Rates Steady
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60-second summary
The Federal Reserve is keeping the federal funds rate steady at 3.5%-3.75% under Chair Kevin Warsh, offering no clear signals on future rate adjustments. This decision is causing Bitcoin and Ethereum to wobble as investors await clarity on monetary policy. The stable rate may support the US dollar, potentially pressuring cryptocurrency prices.
Chair Kevin Warsh kept the federal funds rate at 3.5%–3.75% and offered no new signals on when cuts—or hikes—might come.