Fed Holds Rates Steady: Here’s What It Means for Bitcoin Price and Ethereum

The Federal Reserve voted Wednesday (March 18) to hold benchmark interest rates steady at a target range of 3.50% to 3.75%, opting for caution amid rising energy costs that threaten to complicate the US economic recovery, which had a significant impact on the Bitcoin price. The decision to pause rather than cut rates sent an immediate chill through risk markets, with BTC USD slipping -5.4% overnight to trade dangerously close to $70,000 shortly after the announcement. While the hold was widely expected, ...