#Fed Holds Rates Decision

On July 30, the Federal Reserve System of the United States (FOMC) kept the key interest rate in the range of 4.25-4.5%.
The decision aligned with market expectations and the consensus forecast of analysts.
The Federal Reserve confirmed its commitment to achieving maximum employment and an inflation rate of 2%. The agency noted that uncertainty regarding economic prospects remains.
After the data was published, the price of Bitcoin reacted with a certain spike in volatility, maintaining balance at previous levels: At the time of writing, the first cryptocurrency is trading around $117,740. Over the past day, the asset's price has not shown any significant changes.
Other highly liquid crypto assets also hardly reacted to the decision of the American monetary regulator.
The total capitalization of the crypto market is $3.86 trillion. Over the past day, the figure has decreased by 0.06%.
Analyst and founder of MN Trading Michael van de Poppe advised: in light of the publication of macro data and decisions from the Fed, traders should avoid leveraged trading and remain calm.