Bitcoin Remains Steady Following Federal Reserve's Interest Rate Decision

By: Isha Das

In the wake of the Federal Reserve's decision to maintain steady interest rates and an outlook for the year-end although anticipations of reductions to 4.6% against an earlier projection, Bitcoin's price stood almost close to its prior value. An apparent lack of grand movements in Bitcoin's value was reported post the Fed's announcement.

Despite this calm response to the Federal Reserve's move, Bitcoin did witness a decrease of approximately 12% over this week. The resilience exhibited by Bitcoin's market performance in response to macroeconomic decisions positions it as a strong player in the financial market, especially under unpredictable geopolitical events and global economy scenarios.