Fed Leaves Rates Unchanged, Crypto Markets Hold Steady Ahead of Jackson Hole

The Federal Reserve's decision to leave interest rates unchanged has been met with a relatively muted reaction in crypto markets, with Bitcoin, Ethereum, and XRP holding steady despite a hawkish policy tone.

According to CoinMarketCap, Bitcoin traded around $63,947, up 0.42% over the past 24 hours, while Ethereum was near $1,900, down 0.69%, and XRP traded around $1.07, up 1.92%

The broader crypto market remains subdued, with a total market capitalization of $2.18 trillion and a Crypto Fear & Greed Index at 35, signaling that investor sentiment is still in fear territory.

Kevin Warsh's hawkish messaging has become the main focus, and investors are looking ahead to his keynote speech for the Jackson Hole symposium next month, which could provide clarity on the Fed's policy direction ahead of the September meeting.