Fed Rate Hikes BTC Resilience

"Bitcoin was trading higher on Wednesday — but only slightly — after the Federal Reserve decided to keep interest rates still. Speaking to the press following the announcement, the Fed's new Chair, Kevin Warsh, revealed little about where the central bank would go next."

"Investors will pay attention to the Federal Reserve meeting on July 28 and July 29. The rate decision of the central bank may affect the liquidity expectations, risk appetite, and prices of the cryptocurrencies in the various markets."

"Vikram Subburaj, CEO of Giottus, said softer-than-expected U.S. consumer and producer inflation data eased concerns over an immediate Federal Reserve rate hike. However, renewed geopolitical tensions and higher crude oil prices prevented a stronger risk-on rally."

"On the Strategic Bitcoin Reserve, Bessent confirmed the Treasury is moving forward but acknowledged the process is not simple."

"While trading volumes on major spot exchanges have fallen to local lows, long-term investors have locked their coins in non-custodial wallets."

"Federal Reserve Chair Jerome Powell said officials will not lower interest rates until inflation cools, as it was too early to determine the impact of rising oil prices on the US economy."

"The CME Group's FedWatch tool‘s projections show markets pricing a 98.9% likelihood of the Federal Reserve leaving the current interest rates unchanged later today."

"Despite softer economic data, the U.S. Federal Reserve was expected to leave its key interest rate unchanged at the conclusion of next week's monetary policy meeting."

"Despite softer economic data, the US Federal Reserve was expected to leave its key interest rate unchanged at the conclusion of next week's monetary policy meeting."

"Inflation remains elevated, and with the possibility of energy prices eventually moving into the pipeline, the Fed is likely to stay on hold for a longer period of time."