The Federal Reserve's decision to keep interest rates steady and potential future rate cuts could positively impact cryptocurrency prices, as:
- Lower interest rates make riskier investments like crypto more appealing
- Crypto prices have risen substantially in anticipation of rate cuts
- Bitcoin and Ethereum have seen significant gains
- Crypto is often seen as a hedge against inflation, low interest rates, and market volatility
Overall, the Fed's decision could boost investor sentiment and drive crypto prices higher.
