Cryptocurrency Market Experiences Decline After Fed Rate Decision

The cryptocurrency market is experiencing a decline in prices, with Bitcoin and Ethereum leading the fall. According to Binance, Bitcoin has fallen 3.9% over the past 24 hours to $71,137, while Ethereum has dropped 5.3% to trade at $2,199. Altcoins are also experiencing losses, with Solana and Dogecoin down by up to 5%.

The drop in prices is attributed to the Federal Reserve's decision to keep interest rates unchanged and projections of higher inflation for 2026. The surprise came from updated economic projections, particularly higher expected inflation driven by volatility in global oil prices linked to the conflict in the Middle East.