Fed Holds Rates Steady as Bitcoin Surges Past $64,000
The Federal Reserve's decision to keep interest rates steady at 3.50% to 3.75% has led to a surge in Bitcoin prices, reaching around $64,400.
This marks the fifth consecutive time the Fed has paused rate hikes amid ongoing inflation concerns and mixed views within the committee.
Rising oil prices and geopolitical tensions add uncertainty to inflation outlooks, but the Fed signaled no immediate plans to ease policy.