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Bitcoin Price Jumps to $64,400 as Fed Holds Rates Steady at 3.50%
['Kelvin Munene', 'Kelvin Munene Is A Senior Crypto Journalist', 'Editor With Over Seven Years Of Experience Covering Digital Assets', 'Blockchain Technology', 'Markets. He Has Worked With Top Crypto Publishers In Roles Including Senior Journalist', 'Sub-Editor', 'Editor', 'Shaping Timely News Coverage', 'Editorial Strategy Across The Crypto', 'Stocks Sector.']
Coinpaper
Bitcoin price has climbed toward $64,400 after the Federal Reserve kept interest rates unchanged at the end of its July policy meeting.
Fed Keeps Rates Unchanged After Split VoteThe Federal Open Market Committee 9-3 to keep rates steady after its July 28–29 meeting.
Minneapolis Fed President Neel Kashkari, Dallas Fed President Lorie Logan, and Cleveland Fed President Beth Hammack dissented.
Bitcoin and XRP React After FOMC DecisionBitcoin traded near $64,400 after the Fed decision, while XRP changed hands near $1.08.
Digital assets had traded cautiously before the announcement because higher rates can pressure risk-sensitive markets.