Bitcoin Volatility Returns After Fed Holds Interest Rates Steady
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The Federal Reserve held interest rates at 3.50%–3.75% in a 9-3 July FOMC vote, leaving crypto markets sensitive to macro direction. Markets and DeFi participants are awaiting new Fed Chair Kevin Warsh's press conference for signals that could drive volatility in token prices, affect DEX and CEX flows, and influence investor allocation and fundraising decisions.
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Although there was some uncertainty about the monetary direction the United States Federal Reserve will take following the July FOMC meeting, the central bank approved with a 9-3 vote to maintain the interest rates at 3.50% to 3.75%.
All eyes have turned to the incoming press conference by the new Fed Chair Kevin Warsh as investors anticipate seeing which way he will lean.
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