Bitcoin Surges as Fed Holds Rates

Fed Maintains Rates; Bitcoin Holds Above $100K

• The Federal Reserve kept interest rates between 4.25% and 4.50%.
• Fed Chair Jerome Powell avoided commitments on future rate cuts.
• Bitcoin fell 1% after the Fed’s announcement, trading just below $102,000.
• The digital asset briefly dipped below $100,000 earlier in the week.
• Solid economic growth and low unemployment were noted by the Fed.

The Federal Reserve decided to maintain interest rates at their current levels of 4.25%-4.50%, while Bitcoin experienced a slight decline, trading just under $102,000 following the announcement.