According to the Federal Reserve’s official release, the central bank held its benchmark interest rate at 3.5% to 3.75% on April 29, as policymakers weighed inflation and economic uncertainty. The Federal Open Market Committee voted 8 to 4 to maintain rates steady, with dissenting votes from Stephen Miran, who sought a 25 basis point cut, and three officials opposing the statement’s easing bias.
Bitcoin fell after the announcement as traders reacted to the divided vote. The token dropped from approximately $76,200 to around $75,000 in the first hour following the decision, then rebounded near $75,760 by Thursday, according to market data. The decline reflected investor concerns over delayed rate cuts and reduced appetite for risk assets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Zcash Price Jumps 12% as Demand Drives Push Toward $400
Key Insights
Zcash surged nearly 12 percent, rebounding from $300 support as renewed buying interest pushed the price toward the $360 level during Friday’s trading session.
Increased demand for privacy coins and rising shielded pool usage reduced liquid supply, supporting stronger price
CryptoNewsLand51m ago
PEPE Price Feeds Collapse as Volume Stays Active Across Markets
Key Insights:
PEPE price feeds show zero values across indicators while trading volume remains active, creating a disconnect between market activity and visible data.
Momentum indicators like RSI and MACD continue updating, but they lack relevance due to missing price data and broken chart s
CryptoNewsLand56m ago
BNB Holds $600 as Hard Fork Nears and Bulls Eye Breakout
Key Insights:
BNB holds above 600 as traders lock profits while attention shifts toward Osaka. The Mendel upgrade is expected to influence short-term price direction.
Fast finality and fee stability improvements aim to attract institutional usage, while increased activity could accelerate to
CryptoNewsLand1h ago
Chainlink Holds $9.40 as ETF Inflows Top $111M and Demand Builds
Key Insights
LINK held near $9.40 as cumulative ETF inflows surpassed $111.5 million, indicating steady institutional demand over recent trading sessions.
Whale wallets accumulated nearly 2.8 million LINK while reserve balances rose, tightening available supply across active markets
CryptoNewsLand1h ago
Solana Holds $86 as ETF Inflows Tighten Price Range
Key Insights:
Solana recorded five consecutive ETF inflow sessions, pushing cumulative assets above one billion dollars while selective outflows highlighted shifting institutional allocation strategies.
Price action remained supported above short-term averages, while long-term resistance
CryptoNewsLand2h ago
XRP Price Compresses Near $1.45 as Inflows Rise and Signals Diverge
Key Insights:
XRP trades within a rising wedge as price compression continues, while steady ETF inflows and declining exchange reserves reflect sustained accumulation pressure.
Short-term momentum remains supported by a bullish MACD crossover, even as the broader pattern structure suggests a
CryptoNewsLand2h ago
