Bitcoin has $ 100K as the Fed keeps interest rates steadily. POWELL pays attention to cuts.

By Crypto Gloom On Jan 29, 2025

Main takeout

The Fed maintained a 4.25%-4.50%fee, and POWELL avoided the promise of future cuts by eliminating the pre-language of inflation progress.
Bitcoin has reduced 1%after the Fed announced, but now remains more than $ 100,000 and is currently less than $ 102K.

The Federal Reserve Maintenance was maintained from 4.25% to 4.50% on Wednesday, and the previous language removed the progress of inflation in the statement.

Fed Chairman Jerome Powell pointed out that it will vary depending on the data, labor market trends and inflation development of future interest rates.

Bitcoin decreased 1% after the Fed announced, but was traded at less than $ 102,000, maintaining more than $ 100,000. Digital assets fell short of $ 100,000 early a week after China’s launch of DEEPSEEK AI was deleted from $ 1 trillion in the global market.

The central bank mentioned solid economic growth and stable unemployment levels, suggesting that there is no immediate need for interest rates.

The meeting was gathered by Donald Trump’s second term.

Trump’s administration has proposed 25%tariffs in Mexico and Canada and complicates economic outlook with temporary federal spending freezing.

The market expectation for financial easing is still activated, and the CME Fedwatch tool has a 25-reference point fee of 46.5% in June and a 43.5% chance in July.

The market has a price of less than 40% of additional cuts, suggesting expectations for up to two interest rates in 2025.