Bitcoin Holds Steady After Fed Maintains Rates in June
The U.S. Federal Reserve concluded its June policy meeting without altering the federal funds rate, keeping it steady at 4.25% to 4.50% for the fourth consecutive time.
The move had been widely anticipated by markets, as inflation remains a concern despite signs of moderation.
Bitcoin, which often responds sharply to changes in interest rate expectations, traded relatively flat following the announcement. The Fed’s decision reinforced its cautious tone, emphasizing that policymakers still need “greater confidence” in the disinflation trend before considering rate cuts.
This steady-rate stance means BTC could continue consolidating in the near term. While a rate cut might have sparked bullish momentum, the absence of a hike also avoids downside pressure. Instead, traders are now focused on incoming inflation and labor market data, which will shape future policy moves.
For now, Bitcoin investors appear to be treading water, balancing between optimism over future easing and caution driven by the Fed’s firm inflation target of 2%. Risk-on sentiment may strengthen if economic data in coming weeks aligns with the Fed’s requirements for rate reductions.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
