FED Interest Rate Decision Announced!
FED Interest Rate Decision Announced! The Fed Interest Rate Decision Has Been Announced! The Fed’s interest rate decision had created significant anticipation in the markets. It is eagerly awaited to learn the current status of Bitcoin prices following the announcement.
This month, cryptocurrency and Bitcoin investors, much like in traditional markets, focused on the Fed’s interest rate decision. Following the FOMC meeting, the announcement regarding the Fed’s interest rate decision for December is awaited by investors.
The decision to keep interest rates unchanged was announced following the Federal Reserve’s meeting on December 13. This decision, largely anticipated beforehand, aligned with market expectations.
Interest Rate Cuts Are Coming!
According to the statements following the meeting, a significant majority of Fed officials are anticipating an interest rate cut in 2024. According to expectations, a 75 basis points interest rate cut is planned for 2024.
How Did Bitcoin Price React to the Interest Rate Decision?
Before the interest rate decision was announced, the level at which Bitcoin was trading was $42,100. After the announcement, the current BTC price is now;
