*🛑✋️‼️Bitcoin Decline After Fed Holds Rates Steady*$BTC

- *Federal Reserve's Decision*: The Federal Reserve announced it would keep rates steady at 5.25%-5.5% ¹. This decision led to a slight downturn in Bitcoin and the crypto market ¹.

- *Bitcoin's Reaction*: Bitcoin (BTC) is trading around $64,770, down over 2% in the past 24 hours after the Federal Reserve's announcement ¹.

- *Expected Rate Cuts*: Most market participants expect the SEC to cut rates as Q3 approaches a close ¹. A potential interest rate cut by the Federal Reserve later this year could be a positive factor for risk assets like Bitcoin .

- *Historical Context*: Historically, lower interest rate environments have been favorable for cryptocurrencies, as investors tend to seek higher-yielding assets .

- *Market Sentiment*: Despite the uncertain economic outlook, the prospect of easing monetary policy has bolstered positive sentiment around Bitcoin ¹. However, investors — especially among the short-term holders' cohort — may consider selling their tokens if Bitcoin breaches the 60K psychological level .