#BITCOIN🟠#FOMC🟠#CPI

⚡️As expected, the Federal Open Market Committee of the U.S. Federal Reserve Wednesday held its benchmark fed funds rate range at 5.25%-5.50%, but its economic outlook now calls for just one 25 basis point rate cut this year.

🔶When interest rates lower, traditional “lower-risk” assets such as bonds become less attractive, and investors are more likely to turn to perceived riskier assets such as Bitcoin. The opposite occurs when interest rates rise.

❕“The hawkish tone of the FOMC isn’t positive. Powell’s speech and projections are market-leading for Bitcoin.