The US Federal Reserve voted 10-2 to hold its benchmark interest rate at 3.75% to 4%, while two officials favored a quarter-point increase. Fed Chair Kevin Warsh said inflation remained above the bank’s 2% target but declined to say whether rates would rise at its December meeting.
Analysts said the Fed’s message could put further pressure on Bitcoin, though Bitget analyst Lewis Huang said its near-term performance may depend more on Treasury yields, the dollar and broader investor sentiment. CME FedWatch data showed traders assigning a 78.4% probability to a quarter-point rate increase by December and a 67.3% probability of at least a quarter-point increase by March; neither increase was announced.
