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Hooked Protocol (#HOOK ) announced that it has started the staking process for the BRC20 launchpad project #TUNO . $BTC $HOOK

Hooked Protocol (#HOOK ) announced that it has started the staking process for the BRC20 launchpad project #TUNO .

$BTC $HOOK

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What Happened to Bitcoin and General Markets After the Fed Decision? The decision to hold steady was widely anticipated. However, the decision has the potential to dampen hopes of an upcoming interest rate cut among crypto and stock investors. At its highly anticipated Federal Open Market Committee Meeting (#FOMC ) on Wednesday, the Federal Reserve decided to keep the interest rate between 5.25% and 5.5% following the devastating 6% drop in the price of Bitcoin earlier that day. Within five minutes of the announcement, the Bitcoin price rose from $57,300 to $57,700. The central bank said it plans to slow the rate of sales of U.S. Treasury bonds starting in June and reduce the monthly repayment limit from $60 billion to $25 billion, according to the press release. Market participants overwhelmingly expected the Fed to keep the interest rate at 5.25% heading into the meeting, with cuts potentially starting in the fourth quarter. But the comments from the central bank confirmed market fears that the central bank may have to keep interest rates high for longer to suppress nationwide price inflation, which remains stubbornly above 3%. Fed: “The committee does not expect it to be appropriate to reduce the rate until we gain greater confidence that inflation is sustainably moving towards 2 per cent,” he said. “The committee does not expect it to be appropriate to reduce the rate until we gain greater confidence that inflation is sustainably moving towards 2 per cent,” he said. The economy also remains surprisingly resilient: Data compiled by Bloomberg Intelligence show that 81% of #S&P500 companies reporting first-quarter earnings beat first-quarter expectations. It is known that the Bitcoin price is affected by central bank policy and macroeconomic liquidity conditions. Some analysts, such as BitMEX co-founder Arthur Hayes, remain confident that BTC will continue to surpass $100,000 as central bank balance sheets continue to expand. $BTC $ETH $BNB
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