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Following the interest rate decision announcement, the cryptocurrency market experienced no significant short-term volatility, while gold and silver saw a general rise
BlockBeats News, January 29: The Fed today kept interest rates unchanged, citing persistently high inflation and steady economic growth as reasons. The policy statement offered little insight on when the next rate cut might occur. With a vote of 10-2, the Fed decided to maintain the benchmark interest rate in the 3.50%-3.75% range.
The cryptocurrency market saw no major fluctuations in the short term after the interest rate decision, with Bitcoin trading sideways around $89,500.
Precious metals rose across the board, with gold currently at $2,296.87 per ounce, up 2.32% in the past 24 hours; and silver at $113.31 per ounce, up 0.91% in the past 24 hours.
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After announcing the unchanged interest rate, gold stole the show, while other assets remained subdued.
“In the past few weeks, I have checked my entire crypto portfolio. Any shitcoins that I am not willing to add positions to, I have dumped, leaving only Bitcoin, Ethereum, and some other tokens in the metaverse and algorithmic stablecoins.”
In August, over 60% of the funds closed at a loss, with an average return of 2.56%. The price of BTC may experience a pullback in the coming weeks.
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24H Important News
2026-11-03
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