Bitcoin

The Federal Reserve has stated that it doesn’t plan to lower interest rates anytime soon as long as inflation stays high.<h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />On Wednesday, the price of Bitcoin (BTC) surged after the Federal Reserve’s latest meeting of the Federal Open Markets Committee (FOMC). During the meeting, the Federal Reserve revealed that there would be no alterations to <a href="https://cryptosheadlines.com/fed-hikes-interest-rates-again-crypto-crash-or-bull-run/" rel="noopener noreferrer nofollow">interest rates</a>.<h2 id="header-1">Bitcoin Reacts to Federal Reserve Decision on Interest Rates</h2>The Federal Reserve’s decision to <a href="https://cryptosheadlines.com/european-central-bank-ecb-maintains-interest-rates-bitcoin-price-finds-relief/" rel="noopener noreferrer nofollow">maintain its benchmark interest rate</a> between 5.25% and 5.50% has tempered investors’ hopes for a more accommodative stance in the near future. Bitcoin, which was trading at $62,000 one <a href="https://cryptosheadlines.com/binance-listing-announcement-sends-floki-rockets-up-55-in-one-hour/" rel="noopener noreferrer nofollow">hour before the announcement</a>, saw a rapid increase in price to $64,600 following the revelation of the unchanged benchmark rate.In its statement, the central bank highlighted the continued expansion of economic activity, low unemployment rates, and persistent inflation. The Fed emphasized that it would refrain from reducing the target range until it has greater confidence that inflation is <a href="https://cryptosheadlines.com/hong-kong-real-estate-market-moves-towards-tokenization/" rel="noopener noreferrer nofollow">moving sustainably towards</a> the 2% target.According to CME FedWatch, market expectations indicate that <a href="https://cryptosheadlines.com/fomc-meeting-us-fed-raises-interest-rate-by-25-bps-and-bitcoin-price-surges/" rel="noopener noreferrer nofollow">interest rates will likely remain unchanged at the next FOMC</a> meeting in May. However, there is a 60% probability priced in for a 25 basis point reduction in June.Bitcoin experienced a decline from $74,000 in the previous <a href="https://cryptosheadlines.com/cryptosheadlines-of-the-week-bitcoin-etfs-and-binance-terra-speculation/" rel="noopener noreferrer nofollow">week as net flows into Bitcoin ETFs</a> slowed significantly and turned negative over the past two days. These outflows followed a higher-than-expected inflation report in the U.S. on March 12, which revealed a 3.2% inflation rate for February.<h2 id="header-2">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines002-10.webp?resize&#61;640%2C346&amp;ssl&#61;1" />Bitcoin / USD. Source: TradingView<a href="https://cryptosheadlines.com/mark-your-calendar-big-bitcoin-news-coming-may-15th/" rel="noopener noreferrer nofollow">Also Read: Mark Your Calendar: Big Bitcoin News Coming May 15th</a>Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Bitcoin Surges 4% Post-FOMC Rate Decision

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