US Fed keeps rates constant, CME offers BTC Friday futures options to entice investors
The Fed halted its shift by maintaining rates at 4.25%–4.50%.$BTC
Bitcoin and the crypto market may suffer if the Fed maintains rates in the coming months.
The CME indicated it will introduce Bitcoin Friday futures options after regulatory approval.
Bitcoin (BTC) rose 3% on Wednesday as the Federal Reserve (Fed) kept interest rates at 4.25%–4.50% as expected. CME will also introduce Bitcoin Friday futures options on February 24.
Bitcoin gains 3% as Fed maintains rates constant, CME will introduce Friday futures options.
Bitcoin and the crypto market gained somewhat after Wednesday's FOMC meeting. According to market forecasts, the Fed will keep its Federal Funds Target Range (FFTR) at 4.25%–4.50%.
"In support of its goals, the Committee decided to maintain the federal funds rate target range at 4.25% to 4.5%," the central bank stated.$BTC
After a 25 basis point rate drop in December, the central bank under President Donald Trump attempts to balance economic growth and inflation.
US policy shifts also made future rate reduction unpredictable, according to the committee.
The Federal Reserve's decision to postpone rate reduction may hurt the crypto market long-term.
Bitcoin and the crypto market have recovered after the news, rising 3% at press time.
Bitcoin may surge due to investor interest in the CME Group's Bitcoin Friday futures options beginning February 24. The contracts will be the exchange's
#FedRateDecisions #MicroStrategyAcquiresBTC #CryptocurrencyWealth #BinanceAlphaAlert #BTC
