Bitcoin price today rises after US Fed holds rate - What does it mean for the cryptocurrency? Key levels to watch
Bitcoin price today, July 30 -- Bitcoin traded higher on Thursday, after the US Federal Reserve kept interest rates unchanged but delivered a more hawkish-than-expected policy outcome, prompting investors to reassess the outlook for risk assets.
Bitcoin was trading at around $64,400 on the morning of July 30 after the US dollar and benchmark 10-year Treasury yields strengthened following the Federal Reserve's policy decision.
The US Federal Reserve kept the federal funds rate unchanged at 3.5%-3.75% for the fifth consecutive meeting on July 29. However, the policy outcome was viewed as relatively hawkish after three of the 12 policymakers dissented in favour of a 25-basis-point rate hike. Fed Chairman Kevin Warsh reaffirmed the central ...
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