The FOMC maintained its federal funds rate between 4.25% and 4.50% in its first meeting since Trump’s return to office, with suggestions that quantitative tightening might soon transition to easing.
Crypto assets rallied after the FOMC meeting, with Bitcoin up 4% in the past 24 hours, reaching US$86,118 (AU$135,930) at the time of writing.
Analysts warn investors against overconfidence, suggesting the Fed won’t implement quantitative easing unless rates approach zero.
BlackRock’s global head of digital assets expresses bullish sentiment on Bitcoin, highlighting its 15% price increase since Trump’s re-election and comparing it to "digital gold".