Hey there, BTC enthusiasts! 🚀 Guess what? Bitcoin's price spiked to $64,600 after the Federal Open Markets Committee (FOMC) meeting on Wednesday, where the Federal Reserve announced no changes to interest rates. Just an hour before the announcement, BTC was trading at $62,000! 📈

The central bank's decision keeps the benchmark rate between 5.25% and 5.50% and delays investors' hopes for a more dovish pivot in the near term. The Fed's statement highlighted that economic activity continues to expand, unemployment remains low, and inflation stays elevated. 🏦

CME FedWatch suggests that interest rates will likely remain flat at the next FOMC in May, but there's a 60% chance of a 25 basis point reduction in June. 📅

Remember, Bitcoin's price dropped from $74,000 last week as Bitcoin ETF net flows slowed and then flipped negative. This followed a higher-than-expected inflation reading of 3.2% in the U.S. for February. Keep an eye on those numbers, folks! 👀💰