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.