As many industry experts anticipated, the US Federal Reserve left the key interest rates unchanged in its second FOMC meeting for the year.
Although the development was highly expected, with betting platforms suggesting a 99% possibility ahead of the meeting, BTC felt some turbulence.
BREAKING
FOMC : THE FED HAS ANNOUNCED
NO RATE CUTS. RATES UNCHANGEDMARKET WAS EXPECTING THIS !! pic.twitter.com/jtqxSPAC9A
— Ash Crypto (@Ashcryptoreal) March 19, 2025
CryptoPotato reported earlier today that the primary cryptocurrency’s price had reclaimed the $83,000 level ahead of the conclusion of the FOMC meeting after dumping below $81,500 on Tuesday.
However, the asset had aimed at $85,000 during the trading day before it dumped beneath $84,000 and then spiked to $85,000 after the news about the interest rates broke.
It has failed to maintain its run and has lost around a grand since then, currently trying to remain above $84,000.
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