📉 Crypto markets are feeling the heat, with Ether and Bitcoin both down nearly 5% following a Fed announcement that it only expects to cut rates once this year. Despite SEC Chairman Gary Gensler's positive comments about Ether ETFs, the market didn't respond as hoped.

📊 The U.S. central bank held its benchmark fed funds rate range steady at 5.25%-5.50%, but surprised with its updated projections suggesting an expectation for just one 25 basis point rate cut in 2024.

💼 U.S. economic data also pointed to a continued softening in both the inflation and the economy, adding to the bearish sentiment.

🔍 Analysts are trying to decode a market that won't go sustainably higher despite recent bullish news. What's your take on this? Share your thoughts in the comments!