The Fed kept its key rate. Bitcoin rose to $58,000.
On May 1, the US Federal Reserve System (FRS) maintained the key rate range at 5.25–5.5% per annum.
The decision coincided with market expectations.
On April 10, the US Federal Bureau of Labor Statistics released a report on consumer prices. The index value turned out to be higher than expected - 3.5% versus 3.4%.
The cryptocurrency market reacted positively to the decision. Bitcoin immediately returned to levels above $58,000, but soon fell below this level again.
Over the last hour, all assets from the top 10 by capitalization showed positive dynamics. According to CoinGecko, the biggest gainers were Dogecoin (+3.8%) and Solana (+3.4%).
According to CNN, JPMorgan and Goldman Sachs expect the first Fed rate cut in July, and Wells Fargo in September. Bank of America analysts don't expect a decline until December. Some Fed representatives, according to the publication, admitted the possibility of raising rates instead of cutting them.
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