Bitcoin

<ul><li>Bitcoin holds firm amid Fed&#39;s rate decision, demonstrating resilience.</li><li>Crypto market cap defies S&amp;P dip, underlining digital asset importance.</li><li>Bitcoin&#39;s strength persists as Fed keeps rates, a testament to its growing influence in financial markets.</li></ul>Bitcoin is showing its strength even after the Federal Reserve decided to keep the interest rates unchanged. Jerome Powell, the Chair of the Federal Reserve hinted at a rate increase this year. As expected the Federal Open Market Committee (FOMC) chose to maintain interest rates at the levels as they were, in July. This decision aligns <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="noopener noreferrer nofollow">seamlessly </a>with market expectations, as evidenced by data from CME Group&#39;s FedWatch Tool.Notably, this decision coincides with a tweet by Santiment, which highlights the Federal Reserve&#39;s choice to keep interest rates steady while leaving room for increases. Interestingly, cryptocurrency market caps have remained robust despite the S&amp;P 500 experiencing a dip to 4-week lows, indicating a promising shift in correlations.In their press release, the FOMC emphasized its commitment to achieving maximum <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20230920a.htm" rel="noopener noreferrer nofollow">employment </a>and maintaining a long-term inflation rate of 2%. While the market had anticipated this pause in rate hikes, the Fed&#39;s language concerning future inflation remains cautious, offering no explicit assurances of a more accommodative stance. The press release conveyed the message that the Committee would continue to monitor incoming economic information and stand ready to adjust monetary policy as needed to achieve its goals.Read full article a<a href="https://cryptotale.org/bitcoins-remains-resilient-amidst-feds-rate-decision-report/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

Bitcoin's Remains Resilient Amidst Fed's Rate Decision: Report

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