Crypto Market Reacts to FOMC Decision and Big Tech Earnings
- Cryptocurrency majors fell by 2-3% following the Federal Open Market Committee’s decision to hold rates steady, with BTC at $76k.
- Big Tech companies like Amazon, Alphabet, Microsoft, and Meta reported positive Q1 earnings for 2026, highlighting growth in AI and cloud services.
- Meta launched stablecoin payouts for creators using USDC on Solana and Polygon, marking its return to crypto payments.
- Sky Protocol posted record financial results but saw a decline in its governance token value despite strong revenue performance.
- Steak ‘n Shake’s Bitcoin strategy led to significant sales increases and reduced payment processing fees via the Lightning Network.
The cryptocurrency market experienced a downturn after the FOMC’s decision to maintain current interest rates, impacting major coins like Bitcoin and Ethereum. Meanwhile, Big Tech’s robust earnings underscored the growing importance of AI and cloud computing in their operations.
Despite Sky Protocol’s record-breaking quarter, its token value fell, highlighting that strong financial performance does not always translate into immediate tokenholder benefits. (Source)
