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As expected, the Federal Reserve (Fed) left benchmark interest rates in the US unchanged at 5.25-5.5% on Wednesday.
Bitcoin (BTC) fell just over 1% and was last trading just under $27,000, though still remains fairly close to monthly highs.
Despite the pause, Fed Chairman Jerome Powell said in his post-policy announcement remarks that another interest hike later this year remains possible, with analysts thus referring to Wednesday’s Fed announcement as a “hawkish pause”….
Read More: Fed Leaves Interest Rates Unchanged, But More Hikes Still on the Table – Here is How Bitcoin (BTC) Reacted
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