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#Fed Holds Rates Decision#
On July 30, the U.S. Federal Reserve (Fed ) kept the key interest rate in the range of 4.25-4.5%.
The decision matched market expectations and the consensus forecast of analysts.
The Federal Reserve has confirmed its commitment to the goals of achieving maximum employment and an inflation rate of 2%. The agency noted that uncertainty regarding economic prospects remains.
After the publication of the data, the price of Bitcoin reacted with a slight surge in volatility, maintaining equilibrium at previous levels: At the time of writing, the first cryptocurrency is trading around $117,740. Over the past 24 hours, the price of the asset has not shown any significant changes.
Other high-capitalization crypto assets also hardly reacted to the decision of the American monetary regulator.
The total market capitalization of the cryptocurrency market is $3.86 trillion. Over the past day, the figure has decreased by 0.06%.
Analyst and founder of MN Trading Michaël van de Poppe gave advice: against the backdrop of the release of macro data and decisions by the Fed, in particular, traders should avoid trading with leverage and maintain calm.