Bitcoin and Crypto Prices React to Fed's Decisions

Bitcoin (BTC) remained below $25,000 after the US Federal Reserve delivered an expected pause in interest rate hikes, while keeping the mood hawkish. Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to tame inflation. Keith Alan, a co-founder of monitoring resource Material Indicators, described Powell as “all bark, no bite.” He believes the Fed will favor bulls and advised investors to "pick your targets." Meanwhile, other analyses argued that the situation for BTC price action might get more interesting, with more volatility incoming.