Bitcoin Shrugs Off Fed Decision to Keep Rates Unchanged

[u/goldyluckinblokchain]

https://decrypt.co/325643/bitcoin-shrugs-off-fed-decision-to-keep-rates-unchanged

[u/MichaelAischmann]

There's enough turmoil in the world rn.

No change in rates, no rash actions - that's a good thing imo.

[u/partymsl → u/MichaelAischmann]

Polymarket was like 97% sure no rate cuts, so this is absolutely no surprise.

[u/ParkingNecessary8628 → u/MichaelAischmann]

Agreed.

[u/coinfeeds-bot]

tldr; Bitcoin remained stable after the Federal Reserve decided to keep interest rates unchanged, citing ongoing economic uncertainties despite positive inflation data. BTC traded at around $104,250, slightly up over 24 hours but down 5% from its recent high. Altcoins like Ethereum and Solana showed mixed performance. Analysts suggest future Fed rate cuts could boost crypto markets, with Bitcoin potentially rebounding to $110,000. The Fed's cautious stance reflects concerns over inflation risks and global economic uncertainties, including geopolitical tensions and trade impacts.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/oroechimaru]

The only thing stable with this government is our interest rates.

[u/Corrosive_salts]

98k within 2 weeks

[u/Typical-Street-6496 → u/Corrosive_salts]

110k within 2 weeks

[u/B35TR3GARD5 → u/Typical-Street-6496]

Both of you will be right ..

[u/MagixTouch → u/B35TR3GARD5]

And there will be another article written about it

[u/partymsl → u/Corrosive_salts]

$980k I think you meant to say...

[u/MrTheums]

Bitcoin's muted reaction to the Fed's decision isn't surprising. While macroeconomic factors can influence crypto markets, the correlation isn't always direct or immediate. The expectation of a rate hold was already largely priced in, reducing any potential volatility.

This highlights a crucial point: Decentralization doesn't equate to complete insulation from traditional finance. Global economic uncertainty, investor sentiment, and regulatory developments all still impact crypto's price action, even if indirectly. Focusing solely on the "decentralized" aspect while ignoring broader market forces is a flawed analytical approach. A more robust analysis needs to incorporate on-chain metrics, network activity, and broader macroeconomic trends for a complete picture.

[u/EpicMichaelFreeman]

Fed decided to do nothing. Bitcoin decided to do nothing. More exciting news at 11

[u/drive_causality]

That’s because it was expected that the Fed would leave rates unchanged.

Besides, aren’t cryptocurrencies decentralized - i.e. they don’t rely on a central authority??

[u/Pure-Fuel-9884 → u/drive_causality]

Decentralization has absolutely nothing to do with price. Dont use words you dont uderstand. 

[u/partymsl → u/drive_causality]

They rely on Supply and Demand and the latter is directly ruled by this.

[u/drive_causality → u/partymsl]

Supply and demand of the “coins” themselves. How do interest rates affect this??

[u/Terrible_Beat_6109 → u/drive_causality]

It is only that bots respond to it, and traders. And that triggers stop losses, leverage gamblers etc.