Bitcoin's on a rollercoaster ride, bouncing up and down by about a thousand bucks! Just as the crystal ball predicted, the US Federal Reserve decided to keep interest rates steady during their latest pow-wow. Everyone and their dog expected this move, with betting gurus giving it a 99% chance of happening. But that didn't stop Bitcoin from having a little wobble.
Right before the Fed dropped the news, Bitcoin was climbing back to $83,000 after a little dip. It even shot for the stars, aiming for $85,000 before taking a quick dive below $84,000. But as soon as the rate news hit the streets, Bitcoin was back up, tapping on $85,000's door. It's been a bit of a struggle since then, though, as it's trying to keep its head above that $84,000 mark.
The Fed's decision means interest rates stay put at 4.25% to 4.5%, marking the third meeting in a row without any changes. This follows a couple of rate cuts late last year. But hold your horses, there are whispers that the Fed might start lowering rates in their next meeting while also slowing down their securities sell-off. So, keep your eyes peeled for the next twist in this financial thriller!
