The U.S. Federal Reserve kept its interest rate unchanged at 3.50%-3.75% for the fifth consecutive time, with a split vote of 9 in favor versus 3 calling for a 0.25% hike. U.S. equity markets declined following the decision: the Dow Jones fell 2.19%, the S&P 500 dropped 1.5% and the Nasdaq lost 1.74%. Bitcoin showed relative resilience, fluctuating between $64.7K and $63.2K before stabilizing around $64K. U.S. spot bitcoin ETFs recorded $526.5 million in net outflows between July 23-28, before rebounding with $32 million in net inflows on decision day. Despite a 65% probability of a September rate hike, options traders were betting on a potential bullish breakout towards $70K-$75K in Q3.
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