Bitcoin Price Rebounds as Fed Chair Warsh Explains Rate-Hike Pause

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The US Federal Reserve kept interest rates unchanged after its September increase, which was the first since mid-2023. Two of its 12 policymakers nevertheless voted in favor of raising the benchmark rate to a range of 4% to 4.25%. Chair Kevin Warsh attributed financial uncertainty and persistent inflation to geopolitical developments while emphasizing the resilience of the US economy and the objective of price stability. After a volatile session, Bitcoin rebounded above $81,000 following the press conference, while further macroeconomic developments could trigger additional price movements.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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