Bitcoin steady as the U.S. Federal Reserve opts to keep its benchmark fed funds rate range unchanged at 5.25% to 5.5% and ETFs continued to witness strong volume After two weeks of a slow downtrend following the approval of the Bitcoin Spot ETFs, Bitcoin staged a mini-recovery earlier this week reaching $43,707 on Wednesday –…
In a widely anticipated move, the U.S. Federal Reserve opted to keep its benchmark fed funds rate range unchanged at 5.25% to 5.5% during the Federal Open Market Committee (FOMC) meeting on Wednesday. However, in a simultaneous adjustment, the central bank revised its rate outlook for the year-end of 2024, lowering it from 5.1% to…