#Fed Holds Rates Decision

On July 30, the U.S. Federal Reserve (Fed ) left 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 reaffirmed its commitment to achieving maximum employment and a 2% inflation target. The agency noted that uncertainty regarding economic prospects remains.
After the publication of the data, the price of Bitcoin reacted with some spike in volatility, maintaining balance 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. The figure decreased by 0.06% over the last day.
Analyst and founder of MN Trading Michael van de Poppe advised that against the backdrop of macro data releases and decisions by the Fed, traders should avoid leveraged trading and maintain calm.