Cryptocurrency markets weakened on Wednesday after the Federal Reserve left interest rates unchanged, triggering a wave of long liquidations across major tokens. Fed Pause Triggers Risk RepricingThe Federal Reserve kept its benchmark lending rate between 3.50% and 3.75%. Jerome Powell, the Federal Reserve chair, reported that the U.S. economy continues to expand at a strong rate. Why Gold and Silver Rallied While Crypto WeakenedPrecious metals moved in the opposite direction from crypto. In the near term, markets are likely to remain choppy as traders reassess their positions in response to macroeconomic data and Federal Reserve guidance.