Yigit Taha OZTURK 
The U.S. Federal Reserve (FED) announced that it is keeping interest rates unchanged at 4.25% – 4.5%, in line with expectations. The decision triggered immediate reactions not only in traditional markets but also in the cryptocurrency market.
The move was interpreted by investors as a “non-hawkish” stance, leading to positive price action in risk assets. Notably, Bitcoin and Ethereum responded quickly to the news.
Instant Response from Ethereum and Bitcoin
Following the announcement, Ethereum (ETH) jumped from $1,789 to $1,805 in a short span, marking a notable spike. This move from Ethereum reflects a strong investor reaction to the FED’s neutral policy tone.
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At the same time, Bitcoin (BTC) also saw a positive move. Trading at $96,150 before the decision, BTC climbed to $96,650 within minutes. Analysts suggest this upward movement could lead to a retest of short-term resistance levels.
Is Uncertainty in Crypto Markets Easing?
The FED’s decision to hold rates steady seems to have slightly reduced uncertainty in the crypto space. Moving forward, investors are expected to shift focus to incoming macroeconomic data and the FED’s potential direction in upcoming meetings.
The swift moves in Ethereum and Bitcoin also indicate potential short-term trading opportunities in the crypto market. However, investors should remain cautious given the continued volatility.
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