Federal Reserve Holds Interest Rates Amid Inflation Pressures

The Federal Reserve made its third consecutive rate decision of the year, maintaining interest rates between 3.5% and 3.75%. This move is seen as a cautious approach to inflation pressures, which remain elevated due to rising global energy prices.

Bitcoin and Ethereum have fallen in response to the announcement, reflecting the tightening liquidity conditions in the market. The crypto market is heavily dependent on global liquidity, making it vulnerable to changes in monetary policy.