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Bitcoin Price Unfazed as US Federal Reserve Announces Decision on Interest Rates

  • The US Federal Reserve has decided to maintain interest rates between 4.25% to 4.5%, aligning with market expectations.
  • President Trump has criticized Fed Chairman Jerome Powell, calling him 'stupid' and questioning his decisions.
  • The market overwhelmingly predicted no change in interest rates, with expectations of a rate cut during the September FOMC meeting.
  • Bitcoin's price has remained stable around $104,200 despite the Fed's decision.
  • President Trump expressed doubts about Powell's capabilities and suggested he could do a better job.
  • Powell's speech following the announcement will be closely watched for signals of potential future easing measures.
  • Bitcoin's price stability post-announcement indicates resilience to external factors.

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