FED Pauses; Bitcoin drops: (Breaking news)
The US Federal Reserve has decided not to increase interest rates, and as a result, the price of Bitcoin has dropped.
The Federal Open Market Committee (FOMC) announced on Wednesday that they will not raise interest rates for now. This was expected by many people in the financial markets. The FOMC also mentioned that they might consider increasing rates later in 2023. The Bitcoin price after the announcement may experience fluctuations in response to the possibility of future rate hikes. Traders are closely watching the Fed's statements about potential rate increases in the next FOMC meeting, as these forecasts could impact the market.
