Bitcoin Rebounds After US Fed Keeps Interest Rates Unchanged

Bitcoin's price rebounded on July 30 after the US Federal Reserve kept interest rates unchanged at 3.5%-3.75% for the fifth consecutive meeting.

The decision, which was largely in line with expectations, prompted investors to reassess the outlook for risk assets, including Bitcoin and other cryptocurrencies.

However, despite the Fed's relatively hawkish stance, analysts believe that Bitcoin has shown relative resilience compared to Asian technology stocks over the past week, with major chipmakers witnessing sharp declines.