Crypto Market Sees Modest Gains Amid Fed Decision

The crypto market saw modest gains over the past 24 hours, with Bitcoin trading near $64,037 and Ethereum hovering around $1,905. The Fear & Greed Index ticked up to 36, still in 'fear' territory.

COTI led trending searches with a 53.9% surge over 24 hours, followed by Cash Cat, up 20.2%. However, Hyperliquid's HYPE token slipped 0.9% despite heavy search interest.

The Federal Reserve's decision to hold the federal funds rate at 3.5%-3.75% was seen as a pause in tightening, with market-implied odds of a September hike rising sharply. Chair Jerome Powell emphasized that the Fed would not hesitate to act if inflation remains elevated.