The Federal Reserve announced its decision on interest rates, capturing market attention as cryptocurrencies awaited the outcome. Following closely on the heels of the Fed’s announcement, JPMorgan analysts expressed confidence that the Fed would not make policy mistakes and hinted at limited short-selling opportunities for major US corporations. Expectations were high that no immediate rate changes would occur, with many predicting possible reductions in July. How did Bitcoin react? The cryptocurrency surged to $97,732 before settling around $96,600 as discussions began. The Fed ultimately maintained its current interest rates, which led to a temporary dip in Bitcoin’s price. While the statement emphasized the rise of unemployment and inflation risks, economic activity remained strong with robust exports and moderate inflationary growth. A comment from former President Trump regarding his stance on Chinese tariffs briefly impacted Bitcoin prices as investors anticipated a potential rate reduction in July following an unchanged interest rate decision. The market is anticipating potential three rate reductions this year. Analysts will closely scrutinize Powell’s comments for immediate insights into the future. Key takeaways:** The Fed maintained its current interest rates. Risks related to unemployment and inflation are increasing. Economic activity remains robust despite export fluctuations. Inflation shows persistent but moderate growth. The job market continues to show strength with low unemployment rates. Market participants remain watchful of potential future Fed actions and global economic policies, particularly their impact on Bitcoin’s trajectory. Powell’s upcoming insights will provide crucial direction moving forward.