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Bitcoin, Ethereum, XRP Surge As Fed Holds Interest Rates Steady

  • The Federal Reserve kept its benchmark interest rate steady for a second consecutive meeting, signaling concerns about slower economic growth and persistent inflation pressures.
  • Cryptocurrency market showed renewed optimism as prices of major cryptocurrencies surged, with Bitcoin up 4%, Ethereum up 8%, and XRP up 10%.
  • Investors will be scrutinizing the central bank’s messaging for any hints about future monetary policy shifts, with focus on interest rates and economic projections.
  • The FOMC meeting will play a pivotal role in shaping investor sentiment, with ongoing updates expected as the story evolves.

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