Market Update
Over the past 24 hours, Bitcoin (BTC) edged down -0.47% to $63,700. BTC market dominance (BTC) now stands at 59.15%, while total cryptocurrency market capitalization dipped slightly -0.38% to $2.16 trillion.
Bitcoin has been trading sideways around $64,000 after the Federal Reserve officially held interest rates at 3.50%–3.75% for the fifth consecutive meeting with no change—marking the longest pause since the 2008 crisis. This FOMC vote was split 9–3, with Hammack, Kashkari, and Logan openly dissenting in favor of a 25 bps rate hike. Fed Chair Kevin Warsh reaffirmed the central bank's full commitment to bringing inflation back to the 2% target, described the U.S. economy as remaining resilient thanks to AI investment-driven growth, and emphasized that the Fed will remain analytical and actively monitor markets before making its next decision in 7–8 weeks.
Over the past 24 hours, Bitcoin (BTC) edged down -0.47% to $63,700. BTC market dominance (BTC) now stands at 59.15%, while total cryptocurrency market capitalization dipped slightly -0.38% to $2.16 trillion.
Bitcoin has been trading sideways around $64,000 after the Federal Reserve officially held interest rates at 3.50%–3.75% for the fifth consecutive meeting with no change—marking the longest pause since the 2008 crisis. This FOMC vote was split 9–3, with Hammack, Kashkari, and Logan openly dissenting in favor of a 25 bps rate hike. Fed Chair Kevin Warsh reaffirmed the central bank's full commitment to bringing inflation back to the 2% target, described the U.S. economy as remaining resilient thanks to AI investment-driven growth, and emphasized that the Fed will remain analytical and actively monitor markets before making its next decision in 7–8 weeks.